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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...

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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...

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...

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Oaktree bids most for Dewan Housing as Piramal, Adani revise offers

Finance

14 December, 2020

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...

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Reliance Infratel lenders to take 90% haircut as Jio set to take control

TMT

07 December, 2020

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...

Reliance Jio gets NCLT nod to buy Anil Ambani's debt-laden tower firm

TMT

03 December, 2020

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...

PE firms, ARCs queue up for Reliance Capital's assets

Finance

03 December, 2020

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...

IL&FS's energy advisory business lands up on chopping block

Infrastructure

26 November, 2020

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...

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Indiabulls group looks to sell ARC arm as pandemic bites

Finance

26 November, 2020

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 ......

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