SBI to sell guarantees of Reliance Naval promoterThe bank, in a notice on its website, said that it has principal outstanding dues of Rs 1,160 crore and total dues of Rs 3,512 crore, as of...
30 May, 2024, 12.46 AM IST
NCLT approves Swan Energy's loan repayment to Reliance Naval by one yearSwan has set up the board with its managing Director Nikhil Merchant, Executive Director Paresh Merchant and Bhavik Merchant and Vivek Merc...
21 Dec, 2023, 10.57 PM IST
Swan Energy to take over Reliance Naval and Engineering, shares jump 6%As the first step, SEL will set up a Board of Directors once the Monitoring Committee appointed by the NCLT gets dissolved. SEL will kick s...
30 Oct, 2023, 11.04 AM IST
Swan Energy makes part payment for Reliance NavalSwan Energy partnered with resolution applicant Hazel Mercantile Ltd through its special purpose vehicle - Hazel Infra - to acquire RNEL un...
28 Oct, 2023, 09.23 AM IST
Swan Energy-Hazel Mercantile make payment of first tranche to acquire Anil Ambani’s Reliance Naval and Engineering LtdSwan Energy partnered with resolution applicant Hazel Mercantile Ltd through its special purpose vehicle – Hazel Infra Ltd – to acquire RNE...
27 Oct, 2023, 07.41 PM IST
Swan Energy pays Rs 50 crore with lenders of Reliance Naval, seeking an extension for the remaining amountSwan Energy is raising Rs 1,435 crore through preferential shares to finance the acquisition. The National Company Law Tribunal has directe...
10 Oct, 2023, 01.34 PM IST
Swan-Hazel consortia cites Hindenburg report to seek extension in payments for Reliance Naval and EngineeringAs per the bid, the Swan-Hazel consortium was to make an upfront payment of Rs 200 crore together with the cost of insolvency proceedings a...
16 Mar, 2023, 07.20 PM IST
Swan Energy to use Reliance Naval to foray into naval defence contracts, oil & gas and repairThree-year expansion plan includes becoming a hub for APAC orders, coast guard jetty, second dry dock. Plans to use the facility to bag int...
09 Jan, 2023, 07.48 AM IST
Wagers on Reliance Naval have high risks: AnalystsRNEL shares rose 5% on Tuesday, hitting the maximum trading price of the day of ₹2.56. About 2 million buy orders were pending on both the ...
04 Jan, 2023, 06.27 AM IST
Court approves Swan Energy team's resolution plan for Reliance NavalThe winning bidder, Swan Energy - Hazel Mercantile team, offered a staggered payment of ₹2,040 crore, while on the net present value (NPV) ...
24 Dec, 2022, 07.21 AM IST
Reliance Infra submits resolution plan for Reliance Naval & EngineeringReliance Infrastructure made the offer on Friday under Section 12(A) of the Insolvency and Bankruptcy Code (IBC), which gives tribunals the...
14 Mar, 2022, 10.39 AM IST
Lenders vote on RNEL resolution proposalsThe Gujarat National Company Law Tribunal also disqualified Citi Securities and Financial Services from being part of the committee of cred...
14 Mar, 2022, 09.51 AM IST