stressed assets
General
Grapevine: Oberoi Realty joins Lavasa race; Sachin Bansal firming up banking plan
Mumbai real estate company Oberoi Realty Ltd and US-based financial services firm Interups Inc. have joined the race to acquire...
Infrastructure
Jet Airways to sell Netherlands business to KLM
Bankrupt Indian airline Jet Airways Ltd said it had agreed to sell its assets in Netherlands to Dutch airline KLM. If ......
Infrastructure
Hinduja Group loses interest in Jet Airways but two suitors still in fray
UK-based Hinduja Group did not submit its interest for Jet Airways Ltd by the Wednesday deadline, a lender that is ......
Manufacturing
Kotak's stressed assets fund inks debut deal
The distressed assets fund of Kotak Investment Advisors has marked its debut deal, an executive told VCCircle, with a transaction...
Finance
Bain-Piramal fund's senior exec goes back to entrepreneurship
A senior executive at India Resurgence Fund, the distressed assets buyout platform of Piramal Enterprises Ltd and Bain Capital...
Finance
Revised bankruptcy norms aim to further filter out ex-promoters, defaulters
The Insolvency and Bankruptcy Board of India (IBBI) has revised norms to bar any entity or person that is not ......
Finance
Bain-Piramal ARC seals second distressed debt deal
The asset reconstruction joint venture of Piramal Enterprises Ltd and Bain Capital Credit has bought a portfolio of loans from...
Infrastructure
JSW Energy to pick up stake in Jaiprakash Power in debt recast deal
Billionaire Sajjan Jindal-led JSW Energy Ltd is taking an equity stake in Jaiprakash Power Ventures Ltd as part of an ......
General
Grapevine: Apollo Global, Varde bow out of Altico race; Adani, NTPC eye Avantha plant
Apollo Global Management LLC and Varde Partners LP are no longer considering bidding for Altico Capital India Ltd, two people...
Manufacturing
Cochin Shipyard set to take over ICICI Venture-backed shipbuilder
State-run Cochin Shipyard Ltd has emerged as the preferred buyer for a debt-laden shipbuilder that counts ICICI Venture as its...
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