Acre had earlier raised its all-cash offer to ₹243 crore from ₹230 crore offered in February. It is expected to be the front runner to be d...

ACRE, an ARC, has given a revised offer of ₹243 crore as against its previous offer of ₹230 crore, the people said. ACRE was the sole bidde...

Union Bank had put on sale a ₹410-crore loan of bankrupt Visa Steel and set the reserve price at ₹164.28 crore, entailing a recovery of at ...

Union Bank of India is following an open bidding process where bidders are invited at above the reserve price, they said. Interested bidder...

Visa Power’s committee of creditors held its first meeting in Kolkata on Wednesday to consider the broad contours of terms for inviting bid...

The State Bank of India, which is the lead bank, would initiate insolvency proceedings against Visa Steel.

For instance, promoters of real estate developer sold around 4% few weeks ago.

A meeting is expected this week and the lenders consortium may finalise advisors for SDR.

A battery of bankers led by State Bank of India and ICICI Bank is going to grill the top management of companies on their repayment and deb...

Private steelmaker Mesco plans to take its capacity to 4.5 million tonnes (MT) in the next 3-5 years with an investment of Rs 13,500 crore.

Credit Suisse expressed concern over banking sector’s exposure to steel sector – which have huge debt burden at a time when metal prices co...

The imports are mainly from China, Japan, Korea and Russia, which are already struggling with excess capacities and weak demand.

According to sources close to the development, SBI Chairman Arundhati Bhattacharya has been personally involved in some of these meetings.

It added that the Rs 611.91 crore term loan outstanding of Non-CDR lenders will be outside the purview of CDR.

PINC Research has reiterated ‘buy’ on Visa Steel for a one year target price of Rs 85. The company currently manufactures pig iron, coke an...

Visa Steel Ltd has entered into a joint venture with Baosteel Trading of China and VISA Comtrade of Switzerland for setting up a 1,00,000 t...

Visa group will invest Rs 4,500 crore in setting up a 1000-MW mega thermal power plant in Orissa.