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OTR EXIT
Ex-SoftBank biggie looks to bet big on Shapoorji GroupRajeev Misra, former SoftBank executive, is planning a significant investment in the Shapoorji Pallonji Group through his venture One Inves...- Deutsche Bank, Cerberus to lead $1.7 billion credit raise by Shapoorji Pallonji promotersUS hedge fund Davidson Kempner (DK), Canyon Capital Partners and Varde Partners have also agreed to a three-year private credit line, with ...
- Cyrus Mistry's sons join Shapoorji Pallonji Group, may get executive roles soonFiroz and Zahan will work for about 18 months in various group businesses and verticals before taking on executive roles, said the people c...
- "In disbelief, feel orphaned": Shapoorji Pallonji group in deep shock after Cyrus Mistry's deathThe Shapoorji group of companies had been tackling a stretched balance sheet in 2020 after the outbreak of Covid-19, but recent asset monet...
- Future Enterprises to raise Rs 3,000 crore from insurance biz sale; aims to pare debt, avoid insolvencyOn March 31, FEL defaulted on repayment of Rs 2,911.51 crore of loans to the consortium of banks and lenders. Later it also missed a 30-day...
- Shapoorji Pallonji repays ₹12,450cr to lenders, exits debt recast"The SPCPL OTR has been India's largest OTR and possibly the first to get fully repaid within one year of implementation. The accelerated r...
- SPCPL repays Rs 12,450 crore to all its lenders to achieve an early OTR exitSPCPL’s OTR was unanimously implemented on 31st March 2021 by all Lenders of SPCPL. The resolution plan only sought a 2-year extension of t...
- Future Enterprises to sell 25 pc stake in general insurance JV to partner Generali for Rs 1,253 Cr"FEL has agreed to sell a 25 per cent stake in its General Insurance Joint Venture, FGIICL, to its Joint Venture partner Generali for a cas...
- 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...
- SP group studies options for its stake valuation, considers one-time debt restructuring planSP Group is close to reaching an amicable conclusion on a one-time restructuring with lenders, as it has enough assets including real estat...
- Sebi accepts most Kotak panel proposals, splits CMD post & slashes MF chargesStock exchanges have also been allowed to introduce co-location services on a shared basis.
- Full text of key decisions taken at Sebi’s board meetStock exchanges have been allowed to introduce co-location services on a shared basis.
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