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ARCs vie for ACCIL Corp's Jaipur Hotel debtLast month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Ba...- Union Bank receives binding bids for four loans of Rs 525 croreUnion Bank of India has received bids for four stressed loans worth more than ₹520 crore from ACCIL Corporation, SDB Developers, Jaypee Hea...
- UBI targets 80% recovery by selling over Rs 1,000 cr NPAsHotel Horizon's debt of ₹212 crore is on sale with a reserve price of ₹213 crore, while Supertech Realty's debt of ₹170.84 crore is open fo...
- Indian Bank offers to sell Rs 610-crore bad loansState-run Indian Bank has put bad loans worth ₹610 crore on sale as it looks to clean up books by the end of this financial year. The loans...
- Union Bank puts Visa Steel's debt on sale at lower priceThe bank has set the reserve price at ₹143 crore, which is lower than the previous quarter's price of ₹160 crore. Additionally, debts of si...
- JSW Steel to set up Rs 150-cr colour coating facility in Pulwama district of Kashmir"This facility shall provide immense benefits to local businesses and society in a meaningful way and provide employment opportunities to t...
- NCLAT rejects Interups' plea in ACCIL insolvency matter; says appellant not an aggrieved partyThe National Company Law Tribunal (NCLT) had approved the bid of the Sajjan Jindal-led JSW Steel group firm JSW Steel Coated Products for A...
- Icra revises JSW Steel’s outlook to stable from negative“The revision in the rating outlook reflects Icra’s expectation that JSW Steel Limited’s credit metrics would continue to improve in the ne...
- NCLT approves JSW Steel’s resolution plan for Asian Colour Coated Ispat LtdIn the year 2018, ACCIL was part of the Reserve Bank of India’s second list of defaulters that banks were asked to take corrective actions....
- Stocks in the news: Neogen Chemicals, Vedanta, ZEEL, Vakrangee and RBL BankAmbit Capital has maintained sell rating on Bharti Airtel with a target price of Rs 284.
- JSW Steel raises offer for Asian Colour by 25% to Rs 1,500 crThe revision came after ACCIL’s resolution professional reached out to JSW Steel, following which a meeting was held in New Delhi last week.
- Asian Colour Coated Ispat resolution professional seeks bid deadline extensionArcelorMittal had also shown interest in the company but has refrained from bidding until the acquisition of Essar Steel gets through.
- SUFI awards the biggest steel companies like JSW and Kalyani SteelsThe Steel Users Federation of India winners were selected by a jury comprising eminent personalities from different walks of life.
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