stressed assets
Manufacturing
Edelweiss Fund invests $70 mn in Jindal group firm
Edelweiss Special Opportunities Fund III has invested Rs 500 crore ($70mn) in one of the promoter holding entities of Jindal...
Infrastructure
Dubai-based fund by former ArcelorMittal exec mulls India infra investment vehicle
Dubai-based private equity fund Synergy Capital Corp LLP, set up by a former executive of steelmaker ArcelorMittal, is mulling...
Consumer
Nirav Modi's second firm set for liquidation
Fugitive diamantaire Nirav Modi-owned Firestar International Pvt Ltd has been ordered for liquidation by the Mumbai bench of the...
Finance
Prudent ARC set to raise fresh capital for its AIF
New Delhi-based Prudent ARC Ltd is set to raise around Rs 450 crore (about $60.5 million) in the second scheme ......
Manufacturing
Mid-sized and smaller distressed steel assets likely to see indirect PE interest
Given a competitive pricing advantage and strong steel demand, several mid-sized and smaller distressed steel assets could be...
Finance
BlackRock managing director on India's 'handle with care' stressed assets market
The Indian stressed assets market needs to sharpen focus on the long term credit ecosystem, bring more local experts to ......
Manufacturing
Omkara Assets Reconstruction's bid for Odisha steel maker gets greenlight
The bankruptcy tribunal has okayed Omkara Assets Reconstruction Pvt Ltd’s bid to acquire Jagannath Sponge Private Ltd in...
Infrastructure
Realty firm Nirmal Lifestyle enters bankruptcy for default on Altico Capital's loans
Mumbai-based real estate development firm Nirmal Lifestyle Ltd has been admitted for bankruptcy on a plea filed by IDBI Trusteeship...
Finance
UVARCL picks up 15% debt of engineering services firm from SBI
UV Asset Reconstruction Company Ltd (UVARCL) has bought about 15% debt of a stressed construction and engineering services firm,...
Finance
Stressed Assets Wrap: Bankruptcy resolutions continue to move at snail's pace in July
The sluggish pace of bankruptcy resolution seen in May and June worsened in July even as several massive haircuts came ......
