stressed assets
Infrastructure
Naresh Goyal exits Jet Airways board as lenders take control
Naresh Goyal has quit as the chairman of Jet Airways (India) Ltd, stepping down from the board of the airline ......
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 Prime Minister ......
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 auction more ......
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 its luxury ......
Finance
RCom calls off asset sale to Reliance Jio, settles dues with Ericsson
Anil Ambani-led Reliance Communications Ltd on Monday announced that it has terminated definitive agreements for the sale of specified assets ......
Manufacturing
Debt-laden Garden Silk may draw interest from asset reconstruction firm
Garden Silk Mills Ltd is likely to evince interest from an asset reconstruction company as its biggest lender will soon ......
Manufacturing
NCLT approves ArcelorMittal's takeover bid for Essar Steel
India’s bankruptcy court on Friday approved global steel giant ArcelorMittal SA’s bid for debt-ridden Essar Steel, potentially ending months of ......
Finance
Kotak PE rules out new infra fund, may make fresh bets via stressed assets vertical
Kotak Investment Advisors Ltd has fully invested its infrastructure fund and plans to make fresh bets on the sector through ......
Finance
CDPQ to invest $250 mn in NBFC arm of Edelweiss
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest about Rs 1,800 crore ($250 million) in the ......
