stressed assets
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Blackstone's India bad loan arm plans to expand leadership team
Global private equity giant Blackstone plans to grow the leadership team at its asset reconstruction arm in India, a top ......
Manufacturing
Kotak stressed assets fund pulls Jindal Stainless out of debt rejig
The distressed assets fund of Kotak Investment Advisors announced its debut deal with a Rs 500 crore ($69 million) investment...
Finance
Apollo Global, other PE firms eye distressed investments as coronavirus fears grow
Major private equity firms, which have built up big distressed debt funds in recent years, are ready to snap up ......
Manufacturing
Suzlon to recast debt, get fresh capital from Tulsi Tanti and Sun Pharma promoters
Suzlon Energy Ltd will restructure its debt, sell assets and raise capital from its founder and other shareholders, as the ......
Finance
How bad loan buyer IARC performed in first year under new owner Blackstone
International Asset Reconstruction Co. Pvt. Ltd (IARC) resumed making bad-loan bets in its first year of operations under new...
Finance
Blackstone to pump more funds into asset reconstruction arm IARC: Kishore Moorjani
International Asset Reconstruction Company Pvt. Ltd (IARC), which began operations in 2007, has been a slow starter in India’s asset ......
TMT
Hughes Network fears India bankruptcy, bank disruptions over AGR dues
U.S. satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to ......
Finance
Bankruptcy boom: India added three insolvency professionals and four valuers a day
India’s three-year-old bankruptcy law has not only opened a fast-track path for creditors to recover their debts from defaulters...
Manufacturing
Steelmaker becomes first distressed firm to recast debt under same management
A Chhattisgarh-based iron and steel products maker has become the first distressed company to restructure its debt under the same...
Finance
These three sectors account for nearly three-fourths of bankruptcy cases
Ever since India implemented a new bankruptcy law in 2016, creditors have been quick to drag defaulters to various courts ......
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