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CARVAL INVESTORS
Reliance-ACRE, Welspun in final lap to buy bankrupt Sintex IndustriesRIL-ACRE and Welspun Group unit Easygo Textile are the two highest bidders among the four offers that lenders have received for the textile...13 Jan, 2022, 10.40 AM IST- Bankrupt Sintex next on Mukesh Ambani's list? Reliance-ACRE submits EoIThis is a rare instance where RIL has formally submitted an expression of interest for a bankrupt company that is undergoing the corporate ...27 Oct, 2021, 10.00 AM IST
- Srei Infra Finance's board okays fundraising of up to Rs 2,500 croreThe company is planning to raise capital by way of one or more instruments - through public offer, qualified institutional placement (QIP),...01 Jul, 2021, 06.12 PM IST
- Srei Infra Finance loss widens to Rs 3,555 crore in March quarterInterest income at Rs 581 crore nearly halved from Rs 1075 crore over the same period with fall in businesses amid the pandemic.01 Jul, 2021, 04.28 PM IST
- Maharashtra: 38 workers hurt in Uttam Galva Metallics plant accidentWardha District Collector Vivek Bhimanwar told the injured workers were admitted to two nearby hospitals, while those in critical condition...03 Feb, 2021, 03.25 PM IST
- Nithia Capital and CarVal Investors complete acquisition of stressed assets of Uttam Group for ₹2,000 croreOn May 6th of 2020, a monitoring agency was formed, in which successful resolution applicants Nithia and CarVal along with two members from...05 Jan, 2021, 06.22 PM IST
- Oaktree, Apollo lead giants betting on stressed India assetsSome global heavyweights like Apollo Global Management Inc. and Oaktree Capital Group have either struck recent India deals or scaled up th...19 Nov, 2020, 02.41 PM IST
- Nithia Capital to close Uttam deal by end of October, has identified a new management team: CEO Jai Saraf“We are making full efforts to close the transaction by the end of this month. Once we close the transaction, our new team will go in,” Jai...14 Oct, 2020, 07.25 PM IST
- NCLT admits insolvency plea against Uttam Galva Steel LtdUGSL was among the companies in the Reserve Bank of India’s second list of loan defaulters and had been directed to come up with immediate ...01 Oct, 2020, 10.11 PM IST
- NCLT approves resolution plan for stressed companies of Uttam GalvaBids were submitted by CarVal Investors and Nithiya Capital Resources Advisors. The resolution plans involve settlement to financial credit...08 May, 2020, 10.39 AM IST
- After Uttam Galva, UK’s Nithia Capital keen to bid for Visa SteelRecently, Bank of Baroda put its exposure of Rs 150 crore to the asset on the block as its insolvency resolution keeps getting delayed.13 Jun, 2019, 07.34 AM IST
- CarVal pays Rs 500-cr bank guarantee for Uttam Galva firmsThe two companies- Uttam Value Steels and Uttam Galva Metallics owe more than Rs 6,000 crore to a clutch of lenders.04 May, 2019, 08.24 AM IST
- Uttam value, Galva lenders ignored higher bidBanks voted for CarVal’s Rs 2.5k crore offer but rejected SSG Cap-led consortium’s Rs 3.3k crore bid.30 Apr, 2019, 06.54 AM IST
- Banks approve Rs 2,400-crore resolution plan for steel assets of Uttam GalvaTwo people aware of the resolution plan said the offer includes equity commitment of Rs 100 crore. Of the total amount, about Rs 650 crore ...22 Apr, 2019, 11.44 PM IST
- Uttam Value Steels & Galva Metallics get new bids from CarVal consortiumCarVal Investors, the investment arm of US-based agri group Cargill, has bid for the assets along with Asset Reconstruction Company (India)...23 Mar, 2019, 06.48 AM IST
- Spanish vacation home boom may go bust soonVacation home prices in Spain, a leading indicator of Europe’s property market, may face a slump that’s worse than the real estate decline ...21 Mar, 2007, 12.31 AM IST
- Cargill to buy into asset revamp firmThe world of junk loans is witnessing big action. The investment arm of US-based seed company Cargill is set to acquire a 49% stake in an I...12 Sep, 2006, 03.16 AM IST
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