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HAZEL MERCANTILE
Swan Defence promoters to part-sell stake next week, appoints I-bankerHazel Infra, the promoter entity of shipbuilder Swan Defence and Heavy Industries, is looking to part sell their holding in the company thr...- Rare ARC bids for SBI's claims on Reliance naval loan guaranteesRare Asset Reconstruction Company is acquiring SBI's claims from personal guarantees by Nikhil and Bhavesh Gandhi. The guarantees were issu...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- Reliance Naval winner seeks more time to start paymentsAs per the payment schedule approved by NCLT, the Swan Energy-Hazel Mercantile team had to pay ₹200 crore to lenders, ₹65 crore towards CIR...
- 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...
- 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 ...
- 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) ...
- Lenders offer to sell their Reliance Naval loans to NARCLThe National Asset Reconstruction Co (NARCL), is in the process of giving a binding offer to the lenders, one of the persons cited above sa...
- Hazel-Swan consortium wins race for Reliance NavalHazel Mercantile-Swan Energy received the highest percentage of votes even as Reliance Infrastructure (RInfra), another Anil Ambani company...
- Reliance Naval lenders vote for Hazel Mercantile-Swan Energy planAlthough Hazel Mercantile’s offer has received the required number of votes, Bhattacharya and the lenders have received several letters que...
- 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...
- 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...
- Voting extended on Reliance Naval bids till 15 MarchThe two bidders for Reliance Naval and Engineering are a consortium of Swan Energy and Hazel Mercantile and Naveen Jindal’s company Jindal ...
- Reliance Naval receives three bids, APM Terminal & Navin Jindal Group are among biddersEarlier 12 companies had expressed interest in acquiring R-Naval, but finally, out of those 12 who had submitted EOIs, only three companies...
- Navy cancels Reliance Naval and Engineering Ltd's Rs 2,500-crore NOPV contractThe contract to build five warships was signed with the company in 2011, much before the Reliance Group took over the Gujarat-based shipyar...
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