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NITHIA CAPITAL
Evonith Steel to raise Rs 500 crore from PE firms ahead of public issueEvonith Steel, a Maharashtra-based flat steel producer, is seeking to raise Rs 500 crore from private equity and family offices in South As...- Evonith Steel raises Rs 1,700 crore to repay bondholdersEvonith Steel has secured Rs. 1700 crore from multiple banks, including Standard Chartered and JP Morgan, to repay existing creditors and e...
- ArcelorMittal's Lakshmi Mittal to face old hand as Jai Saraf may bid for Vedanta's ₹10,000 crore steel bizFormer ArcelorMittal executive Jai Saraf is discussing a potential bid for Vedanta's steel business, ESL Steel, with private credit funds, ...
- Bankruptcy court okays Orissa Metaliks’ revival plan for MSP MetallicsMSP Metallics' owed more than Rs 1,500 crore to its financial lenders. SBI holds 37.2% voting rights in the committee of creditors, while l...
- Nithia Capital acquires Crest Steel & Power for Rs 600 crore“With our newly forged partnership with Amalgam Steel, we believe Crest will soon achieve a successful turnaround and is well set on its pl...
- Maharashtra: 38 workers hurt in Uttam Galva Metallics plant accidentWardha District Collector Vivek Bhimanwar told the injured workers were admitted to two nearby hospitals, while those in critical condition...
- Nithia Capital and CarVal Investors complete acquisition of stressed assets of Uttam Group for ₹2,000 croreOn May 6th of 2020, a monitoring agency was formed, in which successful resolution applicants Nithia and CarVal along with two members from...
- Oaktree, Apollo lead giants betting on stressed India assetsSome global heavyweights like Apollo Global Management Inc. and Oaktree Capital Group have either struck recent India deals or scaled up th...
- Nithia Capital to close Uttam deal by end of October, has identified a new management team: CEO Jai Saraf“We are making full efforts to close the transaction by the end of this month. Once we close the transaction, our new team will go in,” Jai...
- Debt Distress 2.0: Total stressed assets now exceed gross NPA peaks of 2018There are some silver linings, though. This time the debt build-up is being managed right as it unfolds.
- After Uttam Galva, UK’s Nithia Capital keen to bid for Visa SteelRecently, Bank of Baroda put its exposure of Rs 150 crore to the asset on the block as its insolvency resolution keeps getting delayed.
- Uttam value, Galva lenders ignored higher bidBanks voted for CarVal’s Rs 2.5k crore offer but rejected SSG Cap-led consortium’s Rs 3.3k crore bid.
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