Beena Parmar
Manufacturing
Lenders take steep haircut on another steel asset under liquidation process
Lenders have taken a massive haircut on the sale of a Kolkata-based stressed iron and steel firm whose majority debt ......
Infrastructure
Anti-monopoly watchdog okays Suraksha's plan to acquire Jaypee Infratech
Real estate major Suraksha Group has received approval from the Competition Commission of India (CCI) to acquire bankrupt township developer ......
TMT
Zomato makes stellar market debut, closes 65% above offer price
After a bumper debut listing, Ant Group-backed food delivery app Zomato Ltd’s shares continued the momentum to end 65.5% above ......
Finance
NCLTs lash out at insolvency resolution professionals over steep haircuts
“Get better resolutions…reduce haircuts…will not approve the plans with low value offerings...” These are some of the latest pronouncements heard at ......
Finance
Insolvency law supervisor tweaks rules to boost transparency in bankruptcy process
In a bid to bring more accountability and improvement to the bankruptcy resolution process, the Insolvency and Bankruptcy Board of ......
Manufacturing
Nithia Capital, Prudent ARC, and 10 strategic players circle bankrupt steelmaker
Nithia Capital Resources Advisors LLP, Prudent ARC, Orissa Metaliks and other metal and steel firms are among 12 bidders for ......
TMT
Reliance Retail to acquire 66.95% stake in Just Dial for $766 mn
Reliance Retail Ventures Limited (RRVL) announced it will acquire a controlling 66.95% stake in local search engine platform Just Dial ......
Infrastructure
Gammon India's former subsidiary goes bankrupt
A firm once backed by Gammon India, whose several subsidiaries are insolvent, has entered bankruptcy on a plea by an ......
Finance
Northern Arc Capital files DRHP with SEBI to raise funds via IPO
Digital debt financing platform Northern Arc Capital has filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI ......
Manufacturing
PE fund floated by former ArcelorMittal exec to make biggest India bet
A private equity fund set up by a former executive of steelmaker ArcelorMittal is set to make its largest investment ......
