stressed assets
Healthcare
Lenders of Piramal PE-backed bulk drugs maker take massive haircut in acquisition deal
Lenders of a bankrupt bulk drugs and chemicals maker backed by a Piramal Group promoted private equity fund are staring ......
Finance
Delhi based ARC raises most of targeted corpus for debut fund; invests in bankrupt power co
A New Delhi based asset reconstruction company (ARC) has raised the majority of targeted commitments for its debut fund from ......
Finance
Piramal Group beats Oaktree to emerge as preferred bidder for DHFL
Billionaire Ajay Piramal led Piramal Group has emerged as the preferred bidder to acquire bankrupt mortgage lender Dewan Housing...
Finance
All eyes on lenders' tough choice of DHFL suitor as bankruptcy law faces acid test
This Friday will see a critical test of the four-year bankruptcy law as lenders decide between a local and a ......
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...
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...
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...
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...
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...
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