stressed assets
Manufacturing
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...
Finance
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...
Finance
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 ......
Manufacturing
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...
Finance
Oaktree bids most for Dewan Housing as Piramal, Adani revise offers
US-based Oaktree Capital Management has likely submitted the highest bid for Dewan Housing Finance Corp (DHFL) even as Piramal...
TMT
Reliance Infratel lenders to take 90% haircut as Jio set to take control
Reliance Infratel Ltd’s financial creditors will take a haircut of as much as 90% on their loans under a court-approved...
TMT
Reliance Jio gets NCLT nod to buy Anil Ambani's debt-laden tower firm
The bankruptcy tribunal has approved billionaire Mukesh Ambani-led Reliance Jio’s plan to acquire younger brother Anil Ambani’s...
Finance
PE firms, ARCs queue up for Reliance Capital's assets
Blackstone, KKR, Bain Capital and JC Flowers and others have submitted Expressions of Interest (EOIs) for different assets of...
Infrastructure
IL&FS's energy advisory business lands up on chopping block
Debt-laden Infrastructure Leasing & Financial Services Ltd has put the energy advisory business of IL&FS Energy Development...
Finance
Indiabulls group looks to sell ARC arm as pandemic bites
Indiabulls group has decided to put up its four-year-old asset reconstruction company (ARC) for sale as it looks to exit ......