Sanjeev Gupta’s GFG Alliance to infuse £50m to restart UK steel operationsGupta, founder chairman of the $20-billion revenue GFG Alliance, was fighting his biggest battle to save his metals-to-energy conglomerate ...
UK's anti-fraud agency probes Sanjeev Gupta-led GFG Alliance"The SFO is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business...
GFG Alliance faces potential collapse in UK but says it won’t hit India businessGFG, which runs smelters, mines and power stations around the world, had last month approached the UK government seeking an emergency bailo...
Sanjeev Gupta's Liberty Steel to restart operations, in talks with British governmentGupta's conglomerate GFG Alliance said earlier this month it was in talks with administrators of Greensill over a standstill agreement. On ...
British ministers reject Sanjeev Gupta's bailout plea, media reports sayGFG, a holding company for Gupta's assets, was the biggest recipient of financing from Greensill, a British financing company, which filed ...
Greensill Capital files for insolvency, administrators appointedGreensill Capital filed for insolvency after losing insurance coverage for its debt repackaging business and said in a court filing that it...
GFG Alliance undertakes major cost-cutting measures, including job cuts“GFG Alliance businesses are adjusting to lower levels of demand. With regret, this will mean we cannot avoid a reduction in roles in certa...
Sanjeev Gupta's GFG Alliance acquires Adhunik Metaliks and Zion SteelGupta's Liberty House was last in news over criminal charges for alleged breach of Amtek Auto resolution plan.
GFG Alliance to buy outstanding stock in KCI for $320 millionThe deal is financed by two North American banks who will be providing an asset backed loan facility and funds are being managed by BlackRo...
GFG Alliance appoints former Vedanta CEO Mahendra Singh Mehta as country head for IndiaGFG, whose business spans metal manufacturing, engineering, energy, financial services and property will also soon unveil the executive lea...
Prince Charles appoints Indian-origin steel tycoon as UK skills ambassadorGFG Alliance companies, including Liberty House and SIMEC, currently support 1,300 cadets from 26 schools across Britain to participate in ...
Indian-origin steel tycoon expands into financial servicesThe expansion follows Gupta's acquisition in December 2016 of Wyelands Bank Plc, which has been functioning as an "industry-friendly" depos...
Rocket's GFG raises $33 million amid Jabong sale talksExisting investors Kinnevik, Rocket Internet and Rocket Internet Capital Partners have participated in this round, the company said in asta...
Jabong parent secures 300 mn euro fundingGlobal Fashion Group (GFG), parent company of online fashion portal Jabong, has secured a funding of 300 million euros (about Rs 2,282 cror...
Jabong parent, GFG, raises EUR 300 million in fresh funding; Valuation plummetsPost the July 2015 round of funding, Kinnevik had increased its ownership in GFG to over 25%, while Rocket Internet's stake had come down t...
Jabong gets $20 million to stay afloat for one more yearAccording to sources GFG has decided to inject additional funds into its lossmaking fashion ecommerce company Jabong to keep it afloat for ...
Rocket Internet to merge Jabong with four global e-Commerce firmsThe deal is expected to close later in the year. GFG will focus on growth markets, covering 23 countries with a EUR 330 billion fashion mar...