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Bankrupt textile firm on RBI defaulters list to be acquired at 84% discount

Manufacturing

24 February, 2021

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, ......

Central bank okays Piramal takeover of DHFL

Finance

18 February, 2021

Central bank okays Piramal takeover of DHFL

The Piramal Group has received the greenlight from the Reserve Bank of India to acquire Dewan Housing Finance Corporation Ltd ......

Noida developer Three C Homes to be liquidated after NCLT rejects resolution plan

Infrastructure

12 February, 2021

Noida developer Three C Homes to be liquidated after NCLT rejects resolution plan

Three C Homes (3C) Private Limited, the Delhi NCR based real estate developer once sought after by multiple private equity ......

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Quadria Capital backed pharma firm to acquire distressed bulk drugs maker

Healthcare

10 February, 2021

Quadria Capital backed pharma firm to acquire distressed bulk drugs maker

A New Delhi based pharmaceutical company backed by private equity firm Quadria Capital will acquire a distressed bulk drugs maker, ......

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Lenders of Piramal PE-backed bulk drugs maker take massive haircut in acquisition deal

Healthcare

25 January, 2021

Lenders of Piramal PE-backed bulk drugs maker take massive haircut in acquisition deal

Lenders of a bankrupt bulk drugs and chemicals maker backed by a Piramal Group promoted private equity fund are staring ......

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How a KKR-backed firm slipped into bankruptcy and liquidation

Consumer

18 January, 2021

How a KKR-backed firm slipped into bankruptcy and liquidation

A leading dairy products maker is headed for liquidation on the orders of the bankruptcy tribunal after the sole bidder ......

Piramal Group beats Oaktree to emerge as preferred bidder for DHFL

Finance

15 January, 2021

Piramal Group beats Oaktree to emerge as preferred bidder for DHFL

Billionaire Ajay Piramal led Piramal Group has emerged as the preferred bidder to acquire bankrupt mortgage lender Dewan Housing Finance ......

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All eyes on lenders' tough choice of DHFL suitor as bankruptcy law faces acid test

Finance

14 January, 2021

All eyes on lenders' tough choice of DHFL suitor as bankruptcy law faces acid test

This Friday will see a critical test of the four-year bankruptcy law as lenders decide between a local and a ......

Vedanta Group gets bankers' nod to buy 13 Videocon companies

Manufacturing

17 December, 2020

Vedanta Group gets bankers' nod to buy 13 Videocon companies

Billionaire businessman Anil Agarwal's family firm got bankers’ approval on Wednesday to acquire 13 companies of insolvent consumer appliances maker ......

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How a former employee dragged Kalaari-backed fintech firm to bankruptcy court

TMT

28 October, 2020

How a former employee dragged Kalaari-backed fintech firm to bankruptcy court

Kalaari Capital-backed fintech firm has been pushed into bankruptcy after a Mumbai bench of the insolvency tribunal admitted a petition ......