stressed assets

Bad bank starts operations, banks to transfer $6.6 bn NPAs by March

Finance

28 January, 2022

Bad bank starts operations, banks to transfer $6.6 bn NPAs by March

National Asset Reconstruction Company Ltd (NARCL), a government created entity to tackle bad loan problem in India, is set to...

Markets

25 January, 2022

Sebi introduces framework for Special situation funds

Capital markets regulator Securities and Exchange Board of India (Sebi) has introduced a framework for Special Situation Funds...

Consumer

21 January, 2022

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

State Bank of India (SBI)-led consortium of lenders of have invited fresh expressions of interest (EoIs) for debt-ridden Videocon...

Consumer

05 January, 2022

NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process

A higher bankruptcy court on Wednesday set aside the National Company Law Tribunal (NCLT) order on Videocon Industries Ltd, allowing...

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Finance

30 December, 2021

Distressed deals soar in 2021; Bad bank, IBC measures raise hopes for 2022

Calendar year 2021 opened doors for larger deals in the distressed assets space in 2022 following a year of some ......

Manufacturing

13 December, 2021

Ares SSG arm-Reliance and Welspun among 4 bidders to acquire stressed Sintex Industries

Billionaire Mukesh Ambani-owned Reliance Industries (RIL) has partnered with Ares SSG Capital-backed Assets Care &...

Finance

06 December, 2021

Anil Ambani's Reliance Capital becomes fourth NBFC to enter for insolvency

A Mumbai bench of the insolvency court on Monday admitted a plea to initiate a resolution process against Reliance Capital ......

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Finance

02 December, 2021

SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale

State Bank of India, the country’s largest public sector lender, has put loans worth Rs 4101.87 crore ($547 million) in...

Finance

29 November, 2021

RBI takes control of Anil Ambani-owned Reliance Capital, to push for insolvency

The Reserve Bank of India (RBI) has superseded the Board of businessman Anil Ambani-owned Reliance Capital Ltd, and will soon...

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Finance

29 November, 2021

Distressed steel investor Nithia Capital set to buy North-based steel firm for Rs 316 cr

A UK-based distressed steel investor consortium, led by Nithia Capital Resources LLP (Nithia), has received approval from an insolvency...

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