Student accommodation platform Amber raises $21 million led by Gaja CapitalFounded in 2017 by Goel and Madhur Gujar, Amber primarily focuses on Indians studying abroad in markets like the US, the UK, Ireland, Austr...
Hot Stocks: Brokerages view on Nestle India, HUL, Amber Enterprises and PNB Housing FinanceThe medium-term growth guidance for non-RAC segments remains robust, and the ability to ramp up new segments would be key for re-rating.
IL&FS resolves debt of Rs 56,943 crore, reduces number of entities to 101Infrastructure finance firm IL&FS said it has resolved its debt of up to Rs 56,943 crore by September 30, 2022 through monetisation of vari...
PFS approves resolution of IL&FS Tamil Nadu Power CompanyAs per RBI circular dated June 7, 2019 and directives of National Company Law Appellate Tribunal (NCLAT), following resolution has been app...
IL&FS road SPV lenders stare at huge haircutsLosses may be to the tune of Rs 4,500 crore as bid values are lower than loans advanced.
Three IL&FS group companies to service Rs 3,300 crore debtIL&FS, lenders reach agreement; co tells NCLAT it will take up 10 more companies next.
Government pays back some IL&FS lenders, may have to shell out Rs 250 crore moreIL&FS group companies have an outstanding debt of over Rs 91,000 crore.
IL&FS may soon begin servicing debt of 13 group entitiesIL&FS plans to reclassify the ‘amber’ entities as ‘green’. The NCLAT has given the government and the company time till July 12 to do the r...
IL&FS resolution on track; green companies' Rs 12,000 cr debt likely to be settled by July: OfficialAs part of the resolution efforts, the group companies have been classified into three categories, mainly based on their financial position...
L&T Fin to move SC against NCLAT’s order on IL&FS debtL&T Finance has Rs 1,800 crore of debt exposure to the IL&FS group companies or its SPV.
IL&FS lenders to save Rs 10,000 crore in Q4 post NCLAT breatherThe resolution framework put forward by IL&FS and the government has classified group companies as ‘green’, ‘amber’ and ‘red’, based on the...
IL&FS’ lenders may seek NPA dispensation of ‘amber’ loansThe bankers have insisted that the resolution process should be akin to the IBC process to the extent possible.
IL&FS resolution plan categorises units into three, could repay Rs 7,000 crore or moreThe tribunal asked the government and IL&FS to provide a list of group companies that have the ability to meet payment obligations in the n...
IL&FS companies to be grouped on payment abilityThe bench asked the counsel for the government and IL&FS to propose a resolution for companies under the “red” category.
Amber Enterprises IPO subscribed 3.61 times on Day 2The IPO to raise Rs 600 crore received bids for 1,77,83,666 shares.
Amber Enterprises files Rs 555-crore IPO papers with SebiThe Gurugram-based Amber Enterprises manufactures air conditioners.
What is covenant-lite loan?It is a type of loan whereby financing is given with limited restrictions on the debtservice capabilities of the borrower.