Six ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi Power due to lenders' exits amid debt resolu...

Several asset reconstruction companies including global fund JC Flowers ARC and Varde Partners-backed Aditya Birla ARC are participating in...

Around twelve investors, including Asset Reconstruction Company India (Arcil), Aditya Birla ARC, Invent ARC, Omkara ARC, ASREC, UV ARC, Alc...

Lenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction compa...

Vidarbha Industries is a subsidiary of Anil Ambani's Reliance Power. Varde Partners, bidding alongside Aditya Birla ARC, had also offered t...

Kotak Mahindra Bank will provide a ₹1,200 crore term loan at 16-17%, which will be used to repay debt raised from Goldman and Varde at 21%,...

On August 17, Union Bank issued a tender inviting bids for the power company’s Rs 2,077-crore debt at a reserve price of Rs 919 crore for u...

Other lenders including State Bank of India, Punjab National Bank, Bank of Baroda (BoB) and Axis Bank have already sold their debt in the c...

"SBI initiated open offer e-auction towards sale of fund based exposure of KSK Mahanadi Power Co. Ltd on 100 per cent cash basis on April 2...

This would be the single-largest distressed loan sale on an upfront payment basis by any bank, equating to a recovery of 42% for the bank. ...

The bank decided to hold a Swiss auction to avoid glare from investigative agencies in future, a bank executive said on condition of anonym...

State Bank of India is set to sell its ₹3,815 crore outstanding loan from KSK Mahanadi Power to Aditya Birla Asset Reconstruction Company, ...

It is the largest stressed loan sale by any bank seeking upfront payment from the buyer. The bank has set a ₹1,544-crore reserve price on t...

The Malpani Group has offered to acquire Imagicaaworld under an out-of-court settlement reached between banks and the company after three y...

Shah, an MBA from Harvard and chartered accountant, is credited for establishing India's first and largest housing finance company, HDFC, a...

This is a rare instance where RIL has formally submitted an expression of interest for a bankrupt company that is undergoing the corporate ...

Shares ended at Rs 1.53 a piece on BSE, down 3.16 per cent on Wednesday.