stressed assets
Infrastructure
Shapoorji Pallonji Group firm to buy embattled Unitech's power transmission biz
Debt-laden Unitech Ltd, which remains enmeshed in a long-drawn legal battle to repay disgruntled home buyers, is selling its power...
Finance
Ambit to sell stake in ARC joint venture with JC Flowers to local, foreign firms
Ambit Pvt. Ltd is set to exit its asset reconstruction joint venture with US-based JC Flowers & Co. by selling ......
Infrastructure
Tatas enter airport sector, join GIC & SSG Capital to bet $1.15 bn on GMR Airports
Tata Group, Singapore sovereign wealth fund GIC and stressed assets investor SSG Capital Management will together invest Rs 8,000...
Infrastructure
Jyoti Structures bankruptcy resolution back on track as tribunal quashes liquidation order
An appellate tribunal has dismissed an order by a bankruptcy court to liquidate Jyoti Structures Ltd and asked it to ......
Infrastructure
Naresh Goyal exits Jet Airways board as lenders take control
Naresh Goyal, the founder-chairman of cash-strapped Jet Airways, and his wife Anita Goyal have stepped down from the board, the...
Finance
Bank of America seals its biggest distressed asset deal in India
Bank of America has sealed its biggest deal in India's stressed assets segment, with the investment banking giant buying bad...
Infrastructure
Government asks banks to save Jet Airways, avoid bankruptcy
India’s government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as...
Finance
ARCs, stressed asset investors look for deals as banks auction $3.6 bn of bad loans
Asset reconstruction companies (ARCs) and other investors may pursue distressed assets more actively in coming weeks as banks...
Consumer
Brookfield inks pact to acquire Leela hotels for $576 mn
Canadian investment firm Brookfield Asset Management Inc. has signed an agreement with debt-laden Hotel Leelaventure Ltd to acquire...
Finance
RCom calls off asset sale to Reliance Jio, settles dues with Ericsson
Swedish telecom equipment maker Ericsson has received 4.62 billion rupees ($67.42 million) from Indian telecoms firm Reliance...
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