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Uttam Galva Steels Ltd

Nithia Capital, CarVal Investors complete acquisition of two Uttam Galva units

Manufacturing

05 January, 2021

Nithia Capital, CarVal Investors complete acquisition of two Uttam Galva units

Seven months after court approval, UK-based distressed steel investor Nithia Capital and American global alternative investment manager CarVal Investors have ......

Grapevine: Brookfield, others eye Mphasis; Lakshmi Mittal, others circle Uttam Galva

General

04 January, 2021

Grapevine: Brookfield, others eye Mphasis; Lakshmi Mittal, others circle Uttam Galva

Private equity firms Brookfield, Bain Capital, Carlyle, and UK-based Permira have initiated due diligence for buying a controlling stake in ......

NCLT approves CarVal's bid for Uttam Value Steels

Manufacturing

04 May, 2020

NCLT approves CarVal's bid for Uttam Value Steels

The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by a consortium of CarVal Investors and UK-based ......

Premium
Former Mittal Steel exec's Nithia Capital sets sights on stressed steel assets

Manufacturing

27 August, 2019

Former Mittal Steel exec's Nithia Capital sets sights on stressed steel assets

Nithia Capital Resources Advisors LLP, a London-based alternative investment manager and advisory firm, aims to acquire four to five steel ......

CarVal Investors, Arcil get lenders' approval to buy two Uttam Galva units

Manufacturing

24 April, 2019

CarVal Investors, Arcil get lenders' approval to buy two Uttam Galva units

A consortium of US-based distressed assets investor CarVal Investors and Asset Reconstruction Company of India Ltd (Arcil) has moved a ......

Stressed assets: Essar Steel lenders for fast solution; Binani Cement case put off

General

13 July, 2018

Stressed assets: Essar Steel lenders for fast solution; Binani Cement case put off

Indian banks are grappling with nearly $150 billion in bad loans and the National Company Law Tribunal (NCLT) has admitted ......

Tribunal rejects Macquarie Bank's suit against Uttam Galva unit

Manufacturing

20 June, 2017

Tribunal rejects Macquarie Bank's suit against Uttam Galva unit

The National Company Law Tribunal has dismissed a money recovery suit filed by Australian lender Macquarie Bank Ltd against a ......