stressed assets
Finance
Ares SSG completes purchase of Altico Capital
Hong Kong-based stressed asset specialist Ares SSG has marked its single-largest investment in India by completing the acquisition...
Infrastructure
Sintex-BAPL promoter dangles Arpwood-funded offer; insolvency relief for SMEs likely
A KKR-led group of creditors is considering settling up with the Sintex-BAPL promoter out of court, people told The Economic ......
Consumer
Elevation Capital-backed beverage firm runs out of juice, enters bankruptcy
A Finnish packaging materials maker has pushed a Vadodara-based fruit juice maker into bankruptcy. Huhtamaki Oyj has dragged...
Infrastructure
Lenders clear JSW Steel bid for bankrupt Bhushan Power
After over three years of bankruptcy, Bhushan Power and Steel now stands closer to resolution with lenders okaying JSW Steel’s...
TMT
Arcil, other creditors approve sale of Aditya Birla Group backed stressed IT solutions firm
Creditors, including Asset Reconstruction Company India Ltd (Arcil), have approved the sale of an Aditya Birla Group entity backed...
Healthcare
Gujarat pharma firm to hit the rocks three years after bankruptcy
A Vadodara-based pharmaceuticals company, which entered insolvency three years ago, will collapse into liquidation as the apex...
Finance
DHFL, Jet Airways lead a busy month for stressed asset deals in February
February was marked by movement in two large stressed assets deals -- Dewan Housing Finance Corporation Ltd (DHFL) and Jet ......
Infrastructure
Kotak Investment Advisors set to seal first deal under bankruptcy law
The alternatives arm of billionaire Uday Kotak-owned Kotak Mahindra Bank is set to acquire its first asset under the Insolvency...
Finance
Tribunal okays IL&FS claim against National Highways Authority
The bankruptcy tribunal has allowed an IL&FS unit to receive the settlement claim it made against the National Highways Authority...
Finance
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...
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