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PNB Housing settles Carlyle open offer case with regulator

Finance

20 July, 2022

PNB Housing settles Carlyle open offer case with regulator

PNB Housing Finance Ltd and 11 directors of the company have settled the Carlyle Group open offer case with the ......

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Finance

07 June, 2021

State-owned banks identify $12 bn NPAs to be transferred to bad bank

Public sector banks have identified a total of 22 large bad loan accounts worth Rs 89,000 crore (approximately $12.2 billion) ......

Punjab National Bank to buy stake in bad bank

Finance

07 June, 2021

Punjab National Bank to buy stake in bad bank

Government-owned Punjab National Bank (PNB) on Saturday said it will acquire a stake in the soon-to-be-set-up National Asset Reconstruction Company ......

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Chennai steel maker to buy rival under Insolvency and Bankruptcy Code

Manufacturing

17 May, 2021

Chennai steel maker to buy rival under Insolvency and Bankruptcy Code

A Tamil Nadu-based steel manufacturer is set to acquire bankrupt steelmaker Kamachi Industries beating three other applicants under the Insolvency ......

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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Centrum-backed steel firm ropes in foreign investor to buy out debt purchasers

Finance

22 April, 2020

Centrum-backed steel firm ropes in foreign investor to buy out debt purchasers

A steel firm backed by Centrum Group’s microlender Altura and Anand Rathi Group’s NBFC arm has roped in a foreign ......

Grapevine: Jindal India Thermal Power's lenders reject promoters' resolution offer

General

30 March, 2020

Grapevine: Jindal India Thermal Power's lenders reject promoters' resolution offer

Jindal India Thermal Power’s 17-member lenders’ consortium has rejected the promoters debt resolution offer that proposes to pay Rs 2,450 ......

Kotak stressed assets fund pulls Jindal Stainless out of debt rejig

Manufacturing

02 March, 2020

Kotak stressed assets fund pulls Jindal Stainless out of debt rejig

The distressed assets fund of Kotak Investment Advisors announced its debut deal with a Rs 500 crore ($69 million) investment ......

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Kotak's stressed assets fund inks debut deal

Manufacturing

14 January, 2020

Kotak's stressed assets fund inks debut deal

The distressed assets fund of Kotak Investment Advisors has marked its debut deal, an executive told VCCircle, with a transaction ......

Stressed assets this week: Tatas win race for Bhushan Energy; Jaypee Infra in focus

General

31 May, 2019

Stressed assets this week: Tatas win race for Bhushan Energy; Jaypee Infra in focus

The total number of cases that have ended with the order of liquidation stand at 378 as on 31 March, ......