National Company Law Tribunal
Manufacturing
NCLAT clears UltraTech's bid for Binani Cement
An Indian tribunal has ruled that UltraTech Cement Ltd’s more than $1 billion bid for the cement unit of Binani ......
Finance
IL&FS board outlines revival plans, rolls out austerity measures
The new board of Infrastructure Leasing and Financial Services Ltd (IL&FS), led by Kotak Mahindra Bank chief executive Uday...
Manufacturing
Day after Ruias' offer, Essar Steel creditors choose ArcelorMittal-led joint bid
The committee of creditors of debt-laden Essar Steel India Ltd has chosen ArcelorMittal SA and Japan's Nippon Steel &...
Manufacturing
Ruias offer to pay $7.4 bn to Essar Steel creditors to scupper ArcelorMittal deal
Essar Steel Ltd’s promoter Ruia family has offered to pay Rs 54,389 crore ($7.4 billion) to the company's creditors...
Consumer
KKR starts bankruptcy proceedings against dairy company Kwality
A non-banking finance unit of global private equity giant KKR & Co. has dragged Kwality Ltd to bankruptcy court, the ......
Manufacturing
ArcelorMittal raises bid for Essar Steel as bankruptcy battle heats up
Steel giant ArcelorMittal SA has raised its bid for India's debt-laden Essar Steel in competition with Russia's VTB and...
Manufacturing
With eye on Essar Steel, Japan's Nippon Steel keen to boost India presence
Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp sees India as the most promising market and wants to become...
Infrastructure
Can power producers attract enough buyers to revive stressed projects
Last week, the Supreme Court provided some respite to debt-laden power companies when it refused to stop a lower court ......
Finance
How PE funds, foreign banks are changing tack in battle for stressed assets
When Indian authorities started cracking down on banks’ bad loans two years ago, several private equity firms and stressed...
General
Blackstone eyes realty assets of Singh brothers; ARCs circle Reid & Taylor
Private equity giant Blackstone Group is in advanced negotiations with Fortis Healthcare’s former promoters Malvinder ......
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