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AION CONSORTIUM
TVS, special situation funds in talks to infuse Rs 500 crore in CG PowerThe board of CG Power and Industrial Solutions removed its founder chairman Gautam Thapar last August amid pressure from investors and lend...
AION ‘close to buying’ majority stake in AdlabsAION is in talks with Union Bank-led consortium of 13 banks which have exposure of nearly Rs 1,100 crore to the entertainment company.
JSW Steel, promoters acquire around 88% stake in Monnet IspatMIEL had recently said the insolvency resolution plan approved by NCLT was completed under which JSW Steel provided a working capital advan...
JSW Steel, AION will invest Rs 875 crore in Milloret SteelOn implementation of the resolution plan, the shareholders of MSL will become the new promoters and acquire control over MIEL under the res...
Aion-JSW Steel wins Monnet Ispat bid; banks take 75% haircutThe private equity fund-steel major consortium will hold 75% of the equity in the company out of which Aion Capital will have a 70% share w...
CCI approves JSW-led consortium bid to acquire Monnet Ispat"The Competition Commission of India (CCI)...considered the proposed combination and is of the opinion that there is no appreciable adverse...
Monnet Ispat CoC approves AION-JSW Steel plan by 98.97% favourable votingFollowing a CoC meeting that was held on April 7 in which the resolution applicant presented the resolution plan, the same was put through ...
Creditors to take final call on JSW-Aion Capital bid for Monnet Ispat in 2-3 weeksThe resolution plan for Monnet Ipsat proposed by the Aion Capital-JSW Steel consortium is being reviewed by legal advisors presently.
Creditors OK Aion-JSW offer for Monnet IspatAion Capital, a joint venture between ICICI Venture and Apollo Global Management, holds a 70% stake in the consortium and JSW Steel has the...
Creditors OK Aion-JSW offer for Monnet IspatAion Capital, a joint venture between ICICI Venture and Apollo Global Management, holds a 70% stake in the consortium and JSW Steel has the...
Monnet Ispat surges 10% on Rs 3,500 crore resolution plan by Aion-JSW SteelThe lenders will decide next week whether to support the venture or invite a second round of bids.
Aion-JSW Steel files Rs 3,500 crore resolution plan for Monnet IspatThe lenders will decide next week whether to support the Aion-JSW venture or invite a second round of bids, said the bankers.
Aion-JSW frontrunner to acquire Monnet IspatBanking sources said the Aion-JSW offer is an all-cash one, making it a compelling proposal for lenders. Aion is the senior partner in the ...
Monnet Ispat surges 3% on reports Aion-JSW may acquire co's stressed assetsMonnet Ispat is one of the initial 12 companies shortlisted by RBI for insolvency proceedings.
Uttam Galva Steels spurts 10% on restructuring package talksThe package would also entail fresh capital infusion of Rs 500 crore-Rs 1000 crore for working capital requirements and growth, the ET repo...
Aion Capital in talks with troubled Uttam Galva Steels for takeoverAion is a joint venture venture between Apollo Global Management, one of the world’s largest distress asset investors, and ICICI Venture.
Aion Capital-led consortium, ex-staffers buy GE Capital IndiaThe sale is part of the global plan to exit consumer finance business announced last year. The financial details of the sale has not been d...