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UltraTech, AM Mining, others eye Vadraj CementAM Mining India, a joint venture between ArcelorMittal and Nippon Steel, Oaktree Capital-backed India Opportunities XII Investments, and Ni...- NCLT approves resolution plan for Television Home Shopping NetworkThe National Company Law Tribunal (NCLT) has approved a joint proposal by luggage manufacturer Goblin India and financial services firm Kha...
- Bombay Rayon Fashions' lenders reject all resolution proposalsAll resolution plans received for the assets of Bombay Rayon Fashions have been rejected by lenders. The textile manufacturer has liabiliti...
- Jindal Saw's bid to acquire Sathavahana Ispat okayed"The resolution plan shall be binding on the Corporate Debtor, its employees, members, and creditors, including the Central Government, any...
- Arvind, Donear, 10 others in race to buy Bombay RayonDonear Group's GBTL has bid for all assets, while Arvind has bid for all categories except equity of BRFL Textile, according to a list of a...
- Jindal Saw set to acquire Sathavahana Ispat under IBC for Rs 530 croreBillionaire Anil Agarwal-promoted Vedanta Ltd was also in the fray to acquire the stock exchange listed steel maker. In a statement to the ...
- Sagar Cements seen leading race for Jaypee Group's Andhra CementsDeloitte-backed RP Nirav Pujara has admitted ₹1,356 crore by way of claims from financial creditors. Sagar Cements would have to shell out ...
- ArcelorMittal offers Rs 800 crore upfront to Indian Steel lendersThe NCLT admitted Indian Steel last October at the behest of India Resurgence Asset Reconstruction Company, which is backed by Bain Capital...
- DB Realty says Rekha Jhunjhunwala, RARE Investments among warrant subscribers; stock jumps 5%The convertible warrants will be in addition to 7,70,00,000 warrants as disclosed in the outcome of the board meeting dated February 3
- ArcelorMittal India-linked firm leads race to acquire Indian Steel CorpLenders to the steelmaker, admitted by tribunal last October, are hoping to receive at least about 40% of their dues.
- Jindal Saw likely to acquire Sathavahana Ispat under the IBC routeP R Jindal unit raises Rs 500 crore from Edelweiss managed fund, ECL at 25% IRR for 5 years to acquire distressed steel company.
- Out-of-job brokers turn arbitragers to cover costsWith retail investors facing heavy losses in the stock market, share brokers are turning arbitragers to keep the income stream alive.
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