stressed assets
Finance
Distressed deals soar in 2021; Bad bank, IBC measures raise hopes for 2022
Calendar year 2021 opened doors for larger deals in the distressed assets space in 2022 following a year of some ......
Manufacturing
Ares SSG arm-Reliance and Welspun among 4 bidders to acquire stressed Sintex Industries
Billionaire Mukesh Ambani-owned Reliance Industries (RIL) has partnered with Ares SSG Capital-backed Assets Care & Reconstruction Enterprise Ltd (ACRE) to be among ......
Finance
Anil Ambani's Reliance Capital becomes fourth NBFC to enter for insolvency
A Mumbai bench of the insolvency court on Monday admitted a plea to initiate a resolution process against Reliance Capital ......
Finance
SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale
State Bank of India, the country’s largest public sector lender, has put loans worth Rs 4101.87 crore ($547 million) in ......
Finance
RBI takes control of Anil Ambani-owned Reliance Capital, to push for insolvency
The Reserve Bank of India (RBI) has superseded the Board of businessman Anil Ambani-owned Reliance Capital Ltd, and will soon ......
Finance
Distressed steel investor Nithia Capital set to buy North-based steel firm for Rs 316 cr
A UK-based distressed steel investor consortium, led by Nithia Capital Resources LLP (Nithia), has received approval from an insolvency tribunal ......
Finance
Vasan Healthcare's bidders get extension to complete insolvency process
A higher appellate - The National Company Law Appellate Tribunal (NCLAT) – has granted debt-ridden Vasan Healthcare Pvt. Ltd more ......
Finance
Singapore's Broad Peak, Brescon partner for $300 mn special situation investment in India
Singapore-based Broad Peak Investment Advisors Pvt Ltd (Broad Peak) has entered into a strategic partnership with Brescon & Allied Partners ......
Finance
RBI committee suggests ARCs be allowed as resolution applicants with AIFs
Asset Reconstruction Companies (ARCs) will now be allowed to participate as resolution applicants in the bankruptcy and insolvency process, a ......
Manufacturing
Former Sequoia Capital-backed glassmaker enters bankruptcy
Formerly backed by Sequoia Capital, glassmaker Hindusthan National Glass & Industries Limited (HNG) has entered bankruptcy on a plea by ......
