Neeta Mukerji resigns as CEO of ACRE, country's largest bad bankMukerji joined as CEO of ACRE, an asset reconstruction company backed by global fund Ares SSG Capital, in November 2020. She was appointed ...
Coffee Day stares at corporate insolvency over bond defaultsCoffee Day Enterprises (CDEL) informed the exchange about the insolvency application filed by IDBI Trusteeship without naming the bondholde...
Adani & JSW arms, TVS keen to buy warehouse company Renaissance Indus InfraTwo special-purpose vehicles floated by promoter Mayur Suchak's Renaissance Group are undergoing insolvency.
Shapoorji Pallonji Group promoters in talks to refinance Rs 18,000 crore of debtThe debt is held by the Mistry family under Sterling Investment Corp. Pvt Ltd (SICPL), which owns a 9.182% stake in Tata Sons. These bonds ...
SP Group entity raises ₹14,300 cr in largest issue from a low-rated paperThe funds raised through this issuance will be utilised by the company to refinance upcoming maturities of Cyrus Investment Pvt Ltd debt, p...
Phoenix ARC, Ares SSG bid for Piramal Group's ₹2,600-cr bad loansThe deal has attracted attention as one of the largest transactions in distressed assets, because of debt of marquee real estate projects o...
Acre ARC completes buyout of Nagarjuna Fertilizer debtAcre transferred ₹811 crore to lead lender IDBI Bank a couple of days after Punjab National Bank, the final lender in the seven-bank consor...
Acre ARC's bid uncontested, set to bag Nagarjuna Fertilizers"There was no other bidder so one can now say Ares has won the bid. Banks are still working on internal processes to take approvals to give...
LIC withdraws offer to sell R-Cap debt to ACREAn offer by ACRE to the country's largest life insurer had triggered a Swiss challenge auction, ET reported on November 14. ACRE, an ARC ba...
Ares SSG-led Group signs debt recast deal with Jayaswal NecoThe deal involves restructuring ₹5,700 crore loans while Assets Care and Reconstruction Enterprises (ACRE) - an asset reconstruction compan...
Shapoorji Pallonji firm raises ₹1,375 cr debt to repay group company's borrowingEvangelos Ventures raised ₹625 crore from Ares SSG Capital affiliate and ₹750 crore from Farallon Capital affiliates at an internal rate of...
RIL-ACRE's offer for Sintex Industries gets over 90% support from lendersThe other three resolution applicants in the fray were Himatsingka Ventures, a Welspun Group entity and GHCL. Earlier this month, resolutio...
Vedanta, Welspun among 29 bidders in fray for Mittal CorpIn 2016, lenders had attempted to sell the company to a strategic buyer by converting its debt into 51% equity under the then prevailing st...
Shapoorji Pallonji Group Co raises Rs 750 crore via NCDs by pledging SICL sharesThe board of Evangelos Ventures had on December 7 passed a resolution to raise ₹2,000 crore by issuing secured, unrated NCD in several tran...
RIL team among five bidders in race for bankrupt Sintex IndustriesSintex Industries Ltd, which is undergoing a corporate insolvency and resolution process, had received 16 expressions of interest including...
PNB Housing Finance shelves share sale plan citing legal delaysCarlyle arm Pluto Investments S.a.r.l and other investors will withdraw the proposal to buy stake in the company. Late in May, the board of...
Shapoorji Pallonji Group promoters set to receive a Rs 5,000-crore lifelineThis financing round is independent of the one-time restructuring proposal of the real estate, construction and engineering conglomerate th...