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Blackstone eyes Indiabulls' rental arm; KKR, PremjiInvest bid for Vishal Mega Mart

General

21 February, 2018

Blackstone eyes Indiabulls' rental arm; KKR, PremjiInvest bid for Vishal Mega Mart

Private equity giant Blackstone Group is in an advanced stage of discussions with Indiabulls Real Estate Ltd to buy a ......

Liberty House eyes Bhushan Power; Court stays Odisha pipeline sale to VTB-Ruias JV

General

14 February, 2018

Liberty House eyes Bhushan Power; Court stays Odisha pipeline sale to VTB-Ruias JV

London-based metals trader Liberty House Group seeks an extension to the deadline for submitting a bid for steel player Bhushan ......

ArcelorMittal, VTB-led Numetal bid for Essar Steel

Manufacturing

13 February, 2018

ArcelorMittal, VTB-led Numetal bid for Essar Steel

ArcelorMittal SA and a group led by Russia’s VTB have made separate bids for India’s Essar Steel, which is undergoing ......

Vodafone may exit Indus Towers; HDFC eyes control of GIC-backed Can Fin Homes

General

07 February, 2018

Vodafone may exit Indus Towers; HDFC eyes control of GIC-backed Can Fin Homes

Telecom major Vodafone is in advanced talks to sell its 42% stake in Indus Towers Ltd to tower infrastructure firm ......

Ruias may rope in VTB, SSG for Essar Steel; Jhunjhunwala, Damani eye Binani Cement

General

16 January, 2018

Ruias may rope in VTB, SSG for Essar Steel; Jhunjhunwala, Damani eye Binani Cement

Essar Steel promoters, the Ruia Group, are planning to set up a consortium to retain control of the debt-laden company, ......

Apax, Carlyle eye Royal Sundaram; Suzlon may sell stake in subsidiary to pare debt

General

16 November, 2017

Apax, Carlyle eye Royal Sundaram; Suzlon may sell stake in subsidiary to pare debt

Private equity firms Apax Partners and Carlyle Group are considering bidding for a stake in Royal Sundaram General Insurance Co. ......

Ruias, VTB Capital tie up for Essar Steel bid; IDFC-Shriram merger in limbo

General

27 October, 2017

Ruias, VTB Capital tie up for Essar Steel bid; IDFC-Shriram merger in limbo

Essar Steel promoters, the Ruia Group, have tied up with Russian investment bank VTB Capital to retain control of the ......

Ambit Flowers may raise $1 bn; ArcelorMittal, Tata Steel eye Essar Steel assets

General

24 October, 2017

Ambit Flowers may raise $1 bn; ArcelorMittal, Tata Steel eye Essar Steel assets

Ambit Flowers ARC, an asset restructuring joint venture between Mumbai-based brokerage Ambit Holdings Pvt. Ltd and New York-headquartered private equity ......

SSG Capital eyes stake in Catholic Syrian Bank; Tata Steel keen on Essar plant

General

10 October, 2017

SSG Capital eyes stake in Catholic Syrian Bank; Tata Steel keen on Essar plant

Singapore-based distressed assets fund SSG Capital Management and homegrown non-banking financial company InCred Finance are vying against each other to ......

What the Gujarat High Court's order on Essar Steel-RBI tussle means

Opinion

24 July, 2017

What the Gujarat High Court's order on Essar Steel-RBI tussle means

The Gujarat High Court has made its observations on several intriguing issues concerning the Insolvency and Bankruptcy Code, 2016, while ......