Bad bank likely to spark global interest in India's $300 bn distressed assets industryTop global investors such as SSG Capital, Deutsche Bank, SC Lowy, Varde Partners and Fiera Capital are likely to raise their stakes in Indi...
Look who’s lining up to join Yes Bank ARCAbout Rs 40,000 crore of bad loans by Yes Bank are proposed to be housed in the asset reconstruction company (ARC). Corporate exposure domi...
Adani ready to improve DHFL offerFour entities – Adani Group, Piramal Group, US-based asset management company Oaktree Capital Management and SC Lowy – submitted bids for D...
Adani tops DHFL bid, says its bid gives maximum to lenders; rivals want it out of raceAdani Group, which had initially bid only for DHFL's wholesale and Slum Rehabilitation Authority (SRA) portfolio, in the revised offer subm...
SC Lowy looks to pull out from DHFL bidding processHong Kong-based SC Lowy informed the committee of creditors and the RBI-appointed administrator of DHFL that it would not pursue the transa...
DHFL resolution: Balloting on four final bids deferredThe four final bids for DHFL, submitted by Oaktree, Piramal Group, Adani Capital and SC Lowy, were to be put to vote Tuesday. DHFL is the f...
Revised offers for DHFL sought againSince the third week of October, the lenders have been negotiating as they seek the highest possible recoveries from the home financier, wh...
Adani, Piramal, others revise offers for troubled non-banking finance company DHFLAdani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-based SC Lowy have submitted 10-70 per cent higher price for either a stak...
Lenders of DHFL ask bidders to further sweeten offers by four suitorsEarlier this month, DHFL had received four bids for either picking up stake in the company or buying out assets. The four bidders are Adani...
Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over Rs 60,000 crore write-offIn November, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for i...
Deutsche Bank & SC Lowy bid for Central Bank loan auctionSuch asset sales are aimed at cleaning the bank’s books and reduce bad loan provisions so that the lender could turn profitable at least in...
$210 billion of Indian bad debt lures funds hunting for returnsThere is more bad debt available to buy as many more names are in restructring.
'Dirty dozen' debtors lure big funds to their bad loansIndia's 12 large debtors that have been ordered to go through bankruptcy courts are in focus for funds. Some global debt funds increasingly...
SC Lowy points to insolvency risks“We think the valuations they have provided are optimistic,” said Mihir Chandra, head analyst at the loan and bond trading firm.
Top Hong Kong investment manager recalls $150 million loan to debt-hit JSPLLenders plan to invoke JSPL’s corporate guarantees, file winding up petition if dues are not cleared by September.
- Kingfisher shares gains on report of investment by SC Lowy Financial
Shares of Kingfisher rose over 4 percent in early trade after reports that suggested SC Lowy Financial was in talks to invest around $280 m...
Hong Kong's SC Lowy may put $280 mn in Kingfisher AirlinesThe Vijay Mallya-promoted airline has run out of cash due to rising costs and a fierce price war in the market, forcing it to borrow from b...