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Bhushan Power and Steel

JSW Steel yanks Bhushan Power out of long-drawn bankruptcy

Manufacturing

26 March, 2021

JSW Steel yanks Bhushan Power out of long-drawn bankruptcy

After over three years of bankruptcy, Bhushan Power and Steel has been bought by JSW Steel for $2.7 billion (Rs ......

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Lenders clear JSW Steel bid for bankrupt Bhushan Power

Infrastructure

05 March, 2021

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 ......

PNB expects recoveries worth $1 bn in three months' time

Finance

22 June, 2020

PNB expects recoveries worth $1 bn in three months' time

State-owned Punjab National Bank (PNB) is expecting recoveries worth Rs 8,000 crore ($1.05 billion at current exchange rate) from large ......

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JSW Steel inches closer to acquiring another bankrupt firm

Manufacturing

16 December, 2019

JSW Steel inches closer to acquiring another bankrupt firm

Billionaire Sajjan Jindal-led JSW Steel Ltd has moved one step closer to becoming the largest steelmaker in the country as ......

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Running out of patience, more banks are putting bad loans on the block

Finance

28 January, 2019

Running out of patience, more banks are putting bad loans on the block

Lenders including India’s largest bank are opting to sell their loan exposures to companies facing insolvency even as the country’s ......

SC deals blow to Ruias, other promoters seeking to regain control of insolvent firms

Finance

25 January, 2019

SC deals blow to Ruias, other promoters seeking to regain control of insolvent firms

The Supreme Court on Friday upheld the two-year-old Insolvency and Bankruptcy Code (IBC) in its entirety, thereby continuing to bar ......

Amazon eyes Future Retail stake; Bhushan Power lenders choose JSW's revised bid

General

17 October, 2018

Amazon eyes Future Retail stake; Bhushan Power lenders choose JSW's revised bid

US-based e-commerce giant Amazon is set to buy a stake of just under 10% in Kishore Biyani-led Future Retail Ltd, ......

AGS Transact may buy back TPG, Actis stake; Tatas, JSW bid for Bhushan Power

General

09 February, 2018

AGS Transact may buy back TPG, Actis stake; Tatas, JSW bid for Bhushan Power

The promoters of Mumbai-based payment solutions provider AGS Transact Technologies Ltd’s will buy back a 42% stake held by private ......

Sequoia aims at $1 bn fund; ArcelorMittal out of race for PE-backed Bhushan Power

General

24 January, 2018

Sequoia aims at $1 bn fund; ArcelorMittal out of race for PE-backed Bhushan Power

Venture capital and growth stage investment firm Sequoia Capital is looking to raise $1 billion for its sixth India-focused fund, ......