JC Flowers likely to get Saraswat Bank's Rs 228-cr stressed loans, no other bidderThe 110 accounts the bank had put up for sale in the first week of January include SME accounts and some home loans from individual borrowe...
NCLT approves Reliance Big resolution planThe successful revival plan is for an aggregate amount of Rs 3.51 crore, which will be paid to secured financial creditors of RBPL. Also, a...
Piramal Capital gets creditor status in Radius Project's 5.4-acre Mumbai ProjectThe National Company Law Tribunal ruled in favor of Piramal Capital & Housing Finance in a dispute over a 5.4-acre land parcel in Mumbai. T...
Essel Group looks to clear JC Flowers' dues by JuneEssel Group, led by Subhash Chandra, aims to clear ₹1,500 crore debt by June. Positive talks with JC Flowers ARC ongoing. Assets like Dish ...
Delhi HC allows Swamy to withdraw petitionSwamy also said RBI has issued guidelines for licensing and operation of asset reconstruction companies, which must be followed by the latt...
Yes Bank acquires additional stake in JC Flowers ARC, reinstates to 9.9%On November 28, 2022, the bank had acquired 9.9% of the equity share capital of JC Flower ARC, which fell to 5.01% as a result of certain c...
Anil Ambani's Reliance Innoventures admitted for insolvency proceedingsReliance Innoventures, a company owned by Anil Ambani, has been admitted for insolvency proceedings by the national company law tribunal (N...
Ambani, Adani, JC Flowers in final list of 48 bidders for Future RetailFuture Retail, once India's second-largest retailer, was dragged into bankruptcy proceedings by banks after it defaulted on loans and its l...
RBI gives conditional approval to Carlyle and Advent to acquire 9.99% stake each in Yes BankBoth private equity investors will infuse Rs 8,898.4 crore in combination with immediate capital and post-conversion of warrants, the bank ...
Jindal Saw set to acquire Sathavahana Ispat under IBC for Rs 530 croreBillionaire Anil Agarwal-promoted Vedanta Ltd was also in the fray to acquire the stock exchange listed steel maker. In a statement to the ...
JC Flowers to buy Eight Capital's residual stake in ARC subsidiaryEight Capital, a Ravi Chachra-owned fund that invests in distressed assets, has already sold 22% in the ARC to the US private equity firm f...
Yes Bank okays sale of $6 billion stressed debt to JC Flowers“The Swiss Challenge process has now concluded and the Bank not having received any Challenger Bids to the Base Bid, the Board of Directors...
Sale of Yes Bank’s bad loans to take off soonJC Flowers ARC won the non-performing loan portfolio in an uncontested Swiss auction for Rs 11,183 crore, after Cerberus Capital and Asset ...
Cerberus offers to buy ARCION ARC to be eligible bidder for Yes Bank's NPA poolCerberus Capital lost out to global private equity fund J.C. Flowers & Co as an anchor bidder for Yes Bank's stressed portfolio as it did n...
Eight Capital plans to sell its 35% stake in J.C Flowers ARCEight Capital has identified a buyer for its stake and the proposal on it is pending with the Reserve Bank of India for approval. J. C. Flo...
Jindal Saw likely to acquire Sathavahana Ispat under the IBC routeP R Jindal unit raises Rs 500 crore from Edelweiss managed fund, ECL at 25% IRR for 5 years to acquire distressed steel company.
JC Flowers ARC emerges top bidder for Sathavahana debt at Rs 410 croreThe consortium of lenders – SBI, Union Bank, IFCI and Canara Bank – had sought bids to sell the loan facilities extended by all of them to ...