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stressed assets

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Are power sector lenders seeing light at the end of the stressed assets tunnel?

Infrastructure

08 February, 2019

Are power sector lenders seeing light at the end of the stressed assets tunnel?

Until six months ago, the power sector was struggling to find buyers for stressed assets. Now, it is limping ahead ......

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Varde Partners-backed Aditya Birla ARC inks first stressed assets deal

Infrastructure

05 February, 2019

Varde Partners-backed Aditya Birla ARC inks first stressed assets deal

Aditya Birla ARC Ltd has agreed to acquire part of the debt that RattanIndia Power Ltd owes its lenders for ......

Bank of India expects $360 mn from bankruptcy resolution in March quarter

Finance

29 January, 2019

Bank of India expects $360 mn from bankruptcy resolution in March quarter

Central government-owned Bank of India expects to recover around Rs 2,600 crore ($365.6 million) in the quarter ending March 2019 ......

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KKR to beef up infra, stressed assets teams in India

Finance

29 January, 2019

KKR to beef up infra, stressed assets teams in India

Global alternative assets manager KKR & Co. is beefing up its infrastructure and stressed assets teams in India as it ......

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Running out of patience, more banks are putting bad loans on the block

Finance

28 January, 2019

Running out of patience, more banks are putting bad loans on the block

Lenders including India’s largest bank are opting to sell their loan exposures to companies facing insolvency even as the country’s ......

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KKR's Sanjay Nayar on outlook for 2019 and why it is betting big on credit biz

Finance

28 January, 2019

KKR's Sanjay Nayar on outlook for 2019 and why it is betting big on credit biz

In November 2008, KKR & Co. hired Sanjay Nayar to set up and head its India operations, which formally began ......

Adhunik Metaliks' lenders seek new buyer as Maharashtra Seamless renews interest

Manufacturing

25 January, 2019

Adhunik Metaliks' lenders seek new buyer as Maharashtra Seamless renews interest

Lenders to bankrupt steelmaker Adhunik Metaliks have requested an additional 12 weeks from the National Company Law Tribunal (NCLT) to ......

SC deals blow to Ruias, other promoters seeking to regain control of insolvent firms

Finance

25 January, 2019

SC deals blow to Ruias, other promoters seeking to regain control of insolvent firms

The Supreme Court on Friday upheld the two-year-old Insolvency and Bankruptcy Code (IBC) in its entirety, thereby continuing to bar ......

SBI puts its entire loan exposure to debt-laden Essar Steel on the block

Finance

16 January, 2019

SBI puts its entire loan exposure to debt-laden Essar Steel on the block

State Bank of India (SBI) has put its entire loan exposure to debt-laden Essar Steel Ltd worth Rs 15,431 crore ......

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Why KKR's 2019 macro outlook matters for India

Finance

10 January, 2019

Why KKR's 2019 macro outlook matters for India

The upcoming general election in India is among the geopolitical developments that could create “significant handwringing” in the investment community ......