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Uttam Galva Steels Ltd

Nithia Capital, CarVal Investors complete acquisition of two Uttam Galva units

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05 January, 2021

Nithia Capital, CarVal Investors complete acquisition of two Uttam Galva units

Seven months after court approval, UK-based distressed steel investor Nithia Capital and American global alternative investment manager CarVal Investors have ......

Grapevine: Brookfield, others eye Mphasis; Lakshmi Mittal, others circle Uttam Galva

General

04 January, 2021

Grapevine: Brookfield, others eye Mphasis; Lakshmi Mittal, others circle Uttam Galva

Private equity firms Brookfield, Bain Capital, Carlyle, and UK-based Permira have initiated due diligence for buying a controlling stake in ......

NCLT approves CarVal's bid for Uttam Value Steels

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04 May, 2020

NCLT approves CarVal's bid for Uttam Value Steels

The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by a consortium of CarVal Investors and UK-based ......

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Former Mittal Steel exec's Nithia Capital sets sights on stressed steel assets

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27 August, 2019

Former Mittal Steel exec's Nithia Capital sets sights on stressed steel assets

Nithia Capital Resources Advisors LLP, a London-based alternative investment manager and advisory firm, aims to acquire four to five steel ......

CarVal Investors, Arcil get lenders' approval to buy two Uttam Galva units

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24 April, 2019

CarVal Investors, Arcil get lenders' approval to buy two Uttam Galva units

A consortium of US-based distressed assets investor CarVal Investors and Asset Reconstruction Company of India Ltd (Arcil) has moved a ......

Stressed assets: Essar Steel lenders for fast solution; Binani Cement case put off

General

13 July, 2018

Stressed assets: Essar Steel lenders for fast solution; Binani Cement case put off

Indian banks are grappling with nearly $150 billion in bad loans and the National Company Law Tribunal (NCLT) has admitted ......

Tribunal rejects Macquarie Bank's suit against Uttam Galva unit

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20 June, 2017

Tribunal rejects Macquarie Bank's suit against Uttam Galva unit

The National Company Law Tribunal has dismissed a money recovery suit filed by Australian lender Macquarie Bank Ltd against a ......