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PEGASUS ASSETS RECONSTRUCTION
NCLT OKs Macrotech Developers' acquisition of Centaur Hotel owner’s V HotelsLodha Group-owned Macrotech Developers is paying around Rs 890 crore to acquire the hotel property in Juhu, an affluent suburb in western M...- Macrotech Developers emerges top bidder for Mumbai-based V HotelsThe Committee of Creditors (CoC) of bankrupt V Hotels has declared the real estate developer as the successful resolution applicant in rela...
- Yashomati Hospitals becomes third-party litigation funding startup LegalPay’s first exitThe Bengaluru bench of the National Company Law Tribunal (NCLT) approved the resolution for the Bengaluru-based Yashomati Hospitals where t...
- Bulge bracket PEs join prospective bidders for slice of ‘distressed’ pie$210-bn opportunity has led to joint ventures or stressed asset funds being set up.
- IOB offloads Bhushan Steel bad loansUnder the deal, the bank will receive 15 per cent of the consideration in cash from SSG Capital.
- PSU lenders crack the whip on defaulters, sell off assetsThey have been selling stressed assets to asset reconstruction companies (ARCs) as soon as they realise that restructuring the debt won't w...
- Banks to auction Rs 9k-crore bad loans to boost profits; IDBI Bank tops listAt least 15 banks are auctioning distressed assets of Rs 9,000 crore, a move aimed at cleaning up their books and shoring up profits before...
- Tata Steel declared best bidder for revival of INCABThis announcement once again reiterates Tata Steel's commitment towards revival of INCAB and industrial development for Jharkhand, it said.
- Pegasus buying lenders’ bad loans in Vishal RetailForeign lenders to Vishal Retail are unloading their bad loans to Pegasus Asset Reconstruction Company, a sign that a major stumbling block...
- PE investments in India at USD 630 mn in MayPrivate equity investments in the country zoomed to USD 630 million in May, nearly three times compared to the year-ago period, as investor...
- DE Shaw looks to buy 49% in Pegasus ARCNew York--based hedge fund DE Shaw will buy a 49% stake in Mumbai-based Pegasus Asset Reconstruction Company, subject to approvals from the...
- Asset reconstruction business hots up as loan defaults riseThe downturn in the economy is attracting more players towards the market for bad loans.
- Edelweiss arm plans $200-m distressed asset fundEdelweiss Alternate Asset Advisors (EAAA), an arm of Edelweiss Capital is looking at launching a $200-million distressed asset fund.
- Banks, broking cos see good business in bad loan marketThere is also a positive side to an economic slowdown. Sensing business opportunities, banks and brokerage are eyeing the bad loan market.
- Year-end blues: Banks rush to sell bad loansWith the fiscal year coming to an end, several banks are looking to sell their bad loan portfolio to strengthen their balance sheets.
- Banks look to toss out bad loans, but pricing a liabilityThe bad loan market has become active in the last couple of years after the Reserve Bank of India permitted NPA trading among banks-the lat...
- Reliance Capital can trade in bad loansAnil Ambani’s Reliance Capital, one of the country’s biggest finance companies, has been allowed to trade in bad loans.
- UCO Bank in talks with ARCs to sell bad loans worth Rs 50 crKolkata-headquartered UCO Bank is negotiating with leading asset reconstruction players, including Asset Reconstruction Company India (Arci...
- Indian Bank to offload Rs 1,500-crore bad loan portfolio in biggest junk saleThe financial market will soon see the country’s biggest junk loan deal. State-owned Indian Bank has decided to sell all its bad loans at o...
- Banks put NPAs on the block to spruce up Q4 numbersForeign banks, funds look for strategic stakes in ailing firms as realty boom, economic revival improve prospects of debt recovery.
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