stressed assets
Finance
Investors offer massive haircuts for LIC's $1 bn stressed loan accounts
At least five large investors including private equity players have bid very low to acquire stressed corporate loans worth about...
Manufacturing
Lenders take steep haircut on another steel asset under liquidation process
Lenders have taken a massive haircut on the sale of a Kolkata-based stressed iron and steel firm whose majority debt ......
Infrastructure
Anti-monopoly watchdog okays Suraksha's plan to acquire Jaypee Infratech
Real estate major Suraksha Group has received approval from the Competition Commission of India (CCI) to acquire bankrupt township...
Finance
NCLTs lash out at insolvency resolution professionals over steep haircuts
“Get better resolutions…reduce haircuts…will not approve the plans with low value offerings...” These...
Finance
Insolvency law supervisor tweaks rules to boost transparency in bankruptcy process
In a bid to bring more accountability and improvement to the bankruptcy resolution process, the Insolvency and Bankruptcy Board...
Manufacturing
Nithia Capital, Prudent ARC, and 10 strategic players circle bankrupt steelmaker
Nithia Capital Resources Advisors LLP, Prudent ARC, Orissa Metaliks and other metal and steel firms are among 12 bidders for ......
Infrastructure
Gammon India's former subsidiary goes bankrupt
A firm once backed by Gammon India, whose several subsidiaries are insolvent, has entered bankruptcy on a plea by an ......
Finance
Mumbai NBFC Authum gets lenders nod to buy Reliance Commercial Finance
Authum Investment and Infrastructure Ltd will acquire second Anil Ambani group firm Reliance Commercial Finance after lenders...
Finance
Incentivise local capital to take risks in stressed space: Brescon managing partner
Mumbai-based Brescon & Allied Partners LLP, which had aborted renewed efforts to start a fund, aims to facilitate distressed deals ......
Infrastructure
Lanco Group's third arm to be dissolved through liquidation
Hyderabad-based Lanco Group’s third subsidiary which runs a thermal power plant has been ordered for liquidation by the...
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