Infrastructure
Lenders clear JSW Steel bid for bankrupt Bhushan Power
After over three years of bankruptcy, Bhushan Power and Steel now stands closer to resolution with lenders okaying JSW Steel’s...
TMT
Olympus Capital Asia to invest in online used-phone seller Cashify
Singapore-based private equity firm Olympus Capital Asia will invest $15 million (about Rs 110 crore) in Cashify, an online platform...
TMT
Arcil, other creditors approve sale of Aditya Birla Group backed stressed IT solutions firm
Creditors, including Asset Reconstruction Company India Ltd (Arcil), have approved the sale of an Aditya Birla Group entity backed...
Healthcare
Steadview pares API maker stake in third exit in a month
In its third exit from an Indian portfolio company within a month, Asia focussed hedge fund Steadview Capital has sold ......
Healthcare
Gujarat pharma firm to hit the rocks three years after bankruptcy
A Vadodara-based pharmaceuticals company, which entered insolvency three years ago, will collapse into liquidation as the apex...
Finance
DHFL, Jet Airways lead a busy month for stressed asset deals in February
February was marked by movement in two large stressed assets deals -- Dewan Housing Finance Corporation Ltd (DHFL) and Jet ......
Infrastructure
Kotak Investment Advisors set to seal first deal under bankruptcy law
The alternatives arm of billionaire Uday Kotak-owned Kotak Mahindra Bank is set to acquire its first asset under the Insolvency...
TMT
Infra.Market ascends to unicorn status after $100 mn round led by Tiger Global
Infra.Market, a marketplace for construction materials, has hit unicorn status after raising $100 million (about Rs 724 crore)...
People
Former AION Capital exec to head Piramal Alternatives
Piramal Group has roped in former AION Capital Partners managing director Kalpesh Kikani as the new head of its alternatives ......
Manufacturing
Bankrupt textile firm on RBI defaulters list to be acquired at 84% discount
A fraud-hit, bankrupt readymade garments maker is being acquired by a consortium of buyers from India and the Middle East, ......
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