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Flashback 2020: Virus manages to shoo away almost everyone from stressed assets

Finance

23 December, 2020

Flashback 2020: Virus manages to shoo away almost everyone from stressed assets

The distressed assets market was still going through teething problems from the four-year bankruptcy law when the Covid-19 pandemic struck ......

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Ten more join long queue for assets of debt-laden Reliance Capital

Finance

22 December, 2020

Ten more join long queue for assets of debt-laden Reliance Capital

US-based alternative asset manager Apollo Global Management Inc and SBI Life Insurance Company Ltd are among the new 10 bidders ......

Mahindra unit SsangYong files for court receivership after loan default

Manufacturing

21 December, 2020

Mahindra unit SsangYong files for court receivership after loan default

South Korea's SsangYong Motor Co Ltd filed for court receivership on Monday after it defaulted on loan repayment of about ......

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Reliance Home Finance gets only two binding bids from six suitors

Finance

21 December, 2020

Reliance Home Finance gets only two binding bids from six suitors

Of the six entities that are in fray for debt-laden Reliance Home Finance Ltd, only two have submitted binding bids, ......

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Ansal Properties raising fresh equity capital after avoiding bankruptcy

Infrastructure

18 December, 2020

Ansal Properties raising fresh equity capital after avoiding bankruptcy

North India-based developer Ansal Properties and Infrastructure Ltd (Ansal API) said Friday it has approved a plan to raise Rs ......

UK's Liberty House acquires second firm under insolvency law

Manufacturing

17 December, 2020

UK's Liberty House acquires second firm under insolvency law

UK-based Liberty House Group has completed its second acquisition under the bankruptcy process with the purchase of an Andhra Pradesh-based ......

Vedanta Group gets bankers' nod to buy 13 Videocon companies

Manufacturing

17 December, 2020

Vedanta Group gets bankers' nod to buy 13 Videocon companies

Billionaire businessman Anil Agarwal's family firm got bankers’ approval on Wednesday to acquire 13 companies of insolvent consumer appliances maker ......

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PE-backed ARC among bidders for Anil Ambani's home finance arm

Finance

17 December, 2020

PE-backed ARC among bidders for Anil Ambani's home finance arm

Four asset reconstruction companies (ARCs) and a non-banking finance company have submitted bids for Reliance Group’s (formerly Anil Dhirubhai Ambani ......

SEBI clears new shareholding norms for companies in bankruptcy

Finance

16 December, 2020

SEBI clears new shareholding norms for companies in bankruptcy

The Securities and Exchange Board of India finalised new norms Wednesday for companies that find a new owner after going ......

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JM Financial ARC, US firm invest $28 mn in textile company

Manufacturing

15 December, 2020

JM Financial ARC, US firm invest $28 mn in textile company

Homegrown financial services firm JM Financial Ltd’s asset reconstruction arm and a San Francisco, US-based investment firm are picking up ......