The board of CG Power and Industrial Solutions removed its founder chairman Gautam Thapar last August amid pressure from investors and lend...

AION is in talks with Union Bank-led consortium of 13 banks which have exposure of nearly Rs 1,100 crore to the entertainment company.

MIEL had recently said the insolvency resolution plan approved by NCLT was completed under which JSW Steel provided a working capital advan...

On implementation of the resolution plan, the shareholders of MSL will become the new promoters and acquire control over MIEL under the res...

The 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...

"The Competition Commission of India (CCI)...considered the proposed combination and is of the opinion that there is no appreciable adverse...

Following a CoC meeting that was held on April 7 in which the resolution applicant presented the resolution plan, the same was put through ...

The resolution plan for Monnet Ipsat proposed by the Aion Capital-JSW Steel consortium is being reviewed by legal advisors presently.

Aion Capital, a joint venture between ICICI Venture and Apollo Global Management, holds a 70% stake in the consortium and JSW Steel has the...

Aion Capital, a joint venture between ICICI Venture and Apollo Global Management, holds a 70% stake in the consortium and JSW Steel has the...

The lenders will decide next week whether to support the venture or invite a second round of bids.

The lenders will decide next week whether to support the Aion-JSW venture or invite a second round of bids, said the bankers.

Banking 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 is one of the initial 12 companies shortlisted by RBI for insolvency proceedings.

The package would also entail fresh capital infusion of Rs 500 crore-Rs 1000 crore for working capital requirements and growth, the ET repo...

Aion is a joint venture venture between Apollo Global Management, one of the world’s largest distress asset investors, and ICICI Venture.

The 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...