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ADIA, GIC among anchor investors in Vedant Fashions Limited

Consumer

04 February, 2022

ADIA, GIC among anchor investors in Vedant Fashions Limited

Ethnic wear brand Manyavar’s parent Vedant Fashion has raised Rs 944.76 crore from 75 anchor investors including sovereign funds Abu ......

Bad bank starts operations, banks to transfer $6.6 bn NPAs by March

Finance

28 January, 2022

Bad bank starts operations, banks to transfer $6.6 bn NPAs by March

National Asset Reconstruction Company Ltd (NARCL), a government created entity to tackle bad loan problem in India, is set to ......

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

Consumer

21 January, 2022

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

State Bank of India (SBI)-led consortium of lenders of have invited fresh expressions of interest (EoIs) for debt-ridden Videocon Industries ......

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SBI MF to soon meet investment banks for IPO mandate

Markets

15 January, 2022

SBI MF to soon meet investment banks for IPO mandate

SBI Funds Management Ltd (SBI MF), the asset management joint venture between State Bank of India and France’s Amundi, will ......

NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process

Consumer

05 January, 2022

NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process

A higher bankruptcy court on Wednesday set aside the National Company Law Tribunal (NCLT) order on Videocon Industries Ltd, allowing ......

State Bank of India invests $20 mn in payment solutions provider Pine Labs

TMT

04 January, 2022

State Bank of India invests $20 mn in payment solutions provider Pine Labs

Payment solutions provider Pine Labs Pvt Ltd, which is headed for a US listing, said on Tuesday it has raised ......

PE exits hit 5-year low as investors caution over valuations: IIFL-VCCEdge report

Finance

22 December, 2021

PE exits hit 5-year low as investors caution over valuations: IIFL-VCCEdge report

Private equity (PE) exits hit a five-year low with deal volume and value falling 18%, led by a dip in ......

SBI picks up minority stake in Apollo-backed JSW Cement

Finance

21 December, 2021

SBI picks up minority stake in Apollo-backed JSW Cement

India’s largest lender, the State Bank of India (SBI), has invested Rs 100 crore in JSW Cement, a part of the ......

SBI may offload 6% stake in its asset management arm via IPO

Finance

15 December, 2021

SBI may offload 6% stake in its asset management arm via IPO

State Bank of India, India's largest and biggest public sector lender, on Wednesday said it will explore possibilities to offload ......

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SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale

Finance

02 December, 2021

SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale

State Bank of India, the country’s largest public sector lender, has put loans worth Rs 4101.87 crore ($547 million) in ......