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Lenders take steep haircut on another steel asset under liquidation process

Manufacturing

26 July, 2021

Lenders take steep haircut on another steel asset under liquidation process

Lenders have taken a massive haircut on the sale of a Kolkata-based stressed iron and steel firm whose majority debt ......

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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 ......

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Mumbai-based ARC partners local investor to acquire stressed Odisha steel plant

Manufacturing

07 May, 2021

Mumbai-based ARC partners local investor to acquire stressed Odisha steel plant

A Mumbai-based asset reconstruction company (ARC), along with a local investor, has bought a stressed Kolkata-based firm that owns a ......