stressed assets
Finance
Indian lenders' bad loans may rise significantly: Financial stability report
Indian banks may see bad loans double despite signs of an improvement in the economic impact of the COVID-19 pandemic, ......
People
Blackstone elevates insider to head Asia tactical opportunities fund as Moorjani quits
Global private equity major Blackstone Group LP's senior managing director Menes Chee has been elevated to head Blackstone Tactical Opportunities ......
Finance
IL&FS Solar Power clears all debt
Debt-ridden Infrastructure Leasing and Financial Services (IL&FS) Group’s solar power firm said it has paid its entire debt worth almost ......
Finance
Outlook 2021: Eight Capital's Chachra on stressed assets and silver linings ahead
The coronavirus was the defining event of 2020 and will continue to dominate in 2021. However, comparisons of expected revenge consumption ......
Manufacturing
TCG gets court nod to acquire bankrupt textile co
Purnendu Chatterjee led The Chatterjee Group (TCG) has received court approval to acquire a popular debt-ridden textile company under the ......
Manufacturing
Nithia Capital, CarVal Investors complete acquisition of two Uttam Galva units
Seven months after court approval, UK-based distressed steel investor Nithia Capital and American global alternative investment manager CarVal Investors have ......
Infrastructure
JC Flowers ARC, Cantor Fitzgerald mop up debt of road developer at huge discount
JC Flowers Asset Reconstruction Company (JCFARC) has teamed up with New York headquartered financial services firm Cantor Fitzgerald to acquire ......
Finance
Dewan Housing: Why insolvency resolution processes need a greater degree of certainty
In November 2019, after reports of a large-scale financial scam, Dewan Housing Finance Corporation Ltd (DHFL) became the first non-banking ......
TMT
Podcast: Making sense of the bidding war for Dewan Housing's assets
In October last year, a forensic audit conducted by KPMG on behalf of lenders to Dewan Housing Finance Corp Ltd ......
Infrastructure
IL&FS to sell China road asset to Ping An Insurance
Infrastructure Leasing & Financial Services Ltd (IL&FS) is selling its stake in a Chinese road builder to a fund managed ......
