stressed assets
Finance
Stressed Assets Wrap: Big case resolutions gather steam
The last two months witnessed the resolution of some marquee stressed assets as well as many small ticket recoveries being ......
Infrastructure
Jet Airways lenders to take 9.5% stake, massive haircut
The final winning bidder consortium of Dubai-based businessman Murari Lal Jalan and German investor Florian Fritsch will acquire embattled Jet ......
Finance
HDFC takes 8.4% stake in Ansal Housing by invoking pledged shares
India’s largest private mortgage financier Housing Development Finance Corporation (HDFC) has acquired an 8.42% stake in Ansal Housing Ltd by ......
Consumer
Being Human's former business partner gets acquired under bankruptcy process
GB Global Ltd, ex-partner of actor Salman Khan’s apparel brand Being Human and formerly known as Mandhana Industries Ltd (MIL), ......
Infrastructure
Gammon India Group's stressed bridge attracts only 3 bids as several drop out of race
Of the 11 suitors for a stressed subsidiary of Gammon India Group, only three infrastructure firms have submitted final bids ......
Infrastructure
Prestige Estates Projects acquires bankrupt Ariisto Developers
Bengaluru-based Prestige Estates Projects has made an upfront payment of Rs 370 crore ($50 million) to the lenders of Mumbai’s ......
Manufacturing
Lenders okay JC Flowers ARC's bumped-up purchase plan for stressed pipemaker
Lenders led by government-owned Canara Bank have okayed JC Flowers Asset Reconstruction Company’s bumped-up acquisition plan for a Hyderabad-based stressed ......
Infrastructure
Jaypee Infratech's lenders choose Suraksha over NBCC as winning bidder
Real estate major Suraksha Group has defeated state-owned NBCC (India) Ltd by a narrow margin in the vote held by ......
Finance
Kingfisher Airlines lenders recover $787 mn by selling pledged shares
Nine years after bankrupt Kingfisher Airlines Ltd was grounded, the State Bank of India-led lenders consortium has managed to recover ......
Infrastructure
Bankruptcy tribunal okays Jet's revival plan proposed by Kalrock Capital and Jalan
In a step ahead for the revival of embattled Jet Airways, the bankruptcy tribunal has approved the resolution plan of ......
