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Beena Parmar

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Areion Asset Management gets early commitment for $64 mn stressed assets fund

Finance

23 July, 2020

Areion Asset Management gets early commitment for $64 mn stressed assets fund

Areion Asset Management Pvt. Ltd has received investor commitments for a fifth of its distressed assets vehicle’s second scheme but ......

Two consortiums propose to restart Jet Airways, although somewhat differently

Infrastructure

22 July, 2020

Two consortiums propose to restart Jet Airways, although somewhat differently

Jet Airways has attracted bids, finally, after spending more than a year in the insolvency resolution process. Two of the four ......

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Blackstone-owned Aadhar Housing's CEO on pandemic's impact on business and more

Finance

20 July, 2020

Blackstone-owned Aadhar Housing's CEO on pandemic's impact on business and more

In February 2019, Blackstone Group, the world’s largest private equity firm, inked a pact to acquire Aadhar Housing Finance Ltd. ......

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Kotak Investment's $1 bn special situations fund seals second deal

Finance

16 July, 2020

Kotak Investment's $1 bn special situations fund seals second deal

An alternative assets fund of Kotak Investment Advisors Ltd, a wholly owned unit of Kotak Mahindra Bank, has struck its ......

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Jaypee Infratech's Yamuna Expressway draws investor interest

Infrastructure

16 July, 2020

Jaypee Infratech's Yamuna Expressway draws investor interest

A marquee infrastructure investment firm has approached the lenders of debt-laden township developer Jaypee Infratech Ltd to acquire the Yamuna ......

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Banks scramble to beef up defences as coronavirus threatens to sour loan books

Finance

14 July, 2020

Banks scramble to beef up defences as coronavirus threatens to sour loan books

Banks across the nation are raising or proposing to raise at least Rs 1.4 trillion ($19 billion) as the industry ......

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Once-iconic textile firm enters bankruptcy to weave its way out of crisis

Manufacturing

14 July, 2020

Once-iconic textile firm enters bankruptcy to weave its way out of crisis

A textile company that owns a once-iconic saree brand is the latest to enter bankruptcy proceedings after a Mumbai-based asset ......

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Virus would have pushed viable firms towards premature death under IBC: IBBI chief

Finance

13 July, 2020

Virus would have pushed viable firms towards premature death under IBC: IBBI chief

Last month, the government suspended triggering of insolvency cases against companies for any default for six months starting March 25, ......

US hedge fund gets court approval to buy bankrupt Amtek Auto

Manufacturing

11 July, 2020

US hedge fund gets court approval to buy bankrupt Amtek Auto

US-based hedge fund Deccan Value Investors LP has received court approval to buy bankrupt auto component maker Amtek Auto Ltd ......

Jet Airways lenders extend bid deadline once again

Infrastructure

10 July, 2020

Jet Airways lenders extend bid deadline once again

Lenders to Jet Airways (India) Ltd have yet again extended the deadline to bid for the bankrupt carrier. The airline’s Committee ......