stressed assets
General
Grapevine: Investors may double Dream11 valuation; IL&FS likely to set up InvIT
Several investors in fantasy sports platform Dream11 are in talks to undertake a secondary transaction that may value it at ......
Manufacturing
British tycoon Gupta's GFG Alliance buys Adhunik Metaliks in debut India deal
GFG Alliance, the metals group controlled by Britain-based Sanjeev Gupta, said on Tuesday it has acquired Adhunik Metaliks Ltd...
Manufacturing
JSW Steel gets immunity for Bhushan Power acquisition
The National Company Law Appellate Tribunal (NCLAT) has given JSW Steel Ltd immunity from all criminal investigations for its...
Finance
Cerberus revises bid for Altico to beat off rival suitor SSG Capital
US-based private equity group Cerberus Capital Management has revised its offer for shadow bank Altico Capital India, a senior...
Infrastructure
Blackstone gets court nod to buy Hyderabad Trident hotel under insolvency
Private equity giant Blackstone Group Inc. has received court approval to acquire a debt-laden Trident hotel in Hyderabad for...
Finance
An Indian firm enters bankruptcy every four hours, but that's not the only worrying trend
The number of companies dragged into bankruptcy courts jumped over the last two quarters, as creditors pressed the pedal to ......
Manufacturing
Amtek creditors accept US hedge fund's offer, to take deep haircut
The creditors of automobile component maker Amtek Auto Ltd have okayed a bankruptcy resolution plan proposing around 80% haircut...
Manufacturing
Tribunal greenlights Ipca bankruptcy resolution plan for Noble Explochem
A bankruptcy tribunal has okayed Ipca Laboratories Ltd’s revised resolution plan for industrial explosives firm Noble Explochem...
Finance
Ares Management to acquire controlling stake in SSG Capital
New York-listed Ares Management Corp is acquiring a controlling stake in Hong Kong-based alternative asset manager SSG Capital...
Consumer
Another VC-backed company faces bankruptcy
Venture capital-backed companies rarely get entangled in the crosshairs of bankruptcy courts. As startups generally don’t...
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