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PHOENIX ARC PVT
Nine bidders for GVK's Alaknanda hydro power plantNine bidders, including Adani Power and JSW Energy, have submitted formal offers ranging from Rs 3,000 crore to Rs 4,000 crore for GVK Ener...
JSW, Vedanta, Adani among companies keen to buy GVK Energy's assetJSW Energy, Adani Power, and Vedanta are among the companies vying for GVK Energy's 330 MW Alaknanda hydro power project in Uttarakhand, as...
Trilegal boosts disputes arm with IndusLaw duo: Jajoo & Gandhi join with teamAmit Jajoo and Sushmita Gandhi, litigation and dispute resolution partners from IndusLaw, are set to join Trilegal along with their team of...
Empowerment through action: Shaping a better worldTwelve visionary leaders are transforming various fields through innovative and impactful leadership. From Vicky Gawande’s transformative I...
Hotel Leela Venture challenges ITC's shareholder oppression claimsITC is opposing that sale transaction claiming it was to the detriment of minority shareholders. The cigarettes-to-FMCG conglomerate owns a...
Shyam Metalics arm gets NCLT nod to acquire Mittal CorpThe Indian bankruptcy court has approved the acquisition of steel maker Mittal Corp Ltd by Shyam Metalics and Energy Ltd. The successful bi...
State Bank of India may have attracted top distressed asset buyers' interest for its bad loansGlobal and local distressed asset investors are considering buying some of State Bank of India's bad loans. The bank has identified 331 non...
Phoenix ARC may sell Mittal Corp to Shyam SelPhoenix ARC is the largest debtholder after bank lenders sold their loans at a Swiss challenge auction for ₹405 crore last October. The loa...
NARCL agrees to match rare ARC's bid for SSA International's debtRare had offered ₹32.5 crore to top NARCL's offer of ₹31 crore under a Swiss challenge conducted by lead lender State Bank of India (SBI) l...
Gujarat-based NBFC tops NARCL bid for consolidated constructionRaj Radhe's offer was in response to a Swiss challenge called by banks after the anchor bid by NARCL last month. This is the third offer re...
Silver Point to buy AJR Infra's Patna project for Rs 930 croreIn March last year, the majority of creditors approved Silver Point’s resolution plan for the SPV. However, an offer from the promoters und...
L&T Finance sells Rs 3463 crore NPAs to Phoenix ARCL&T Fin sells loan portfolio for Rs 1120 crore under the conventional 15:85 structure. Warasgaon Power, Warasgaon Assets Maintenance, MEP I...
IVRCL sold for Rs 1200 crore in liquidation to Hyderabad based businessmanIVRCL was pushed into liquidation after lenders rejected two separate resolution plans submitted by Shankar Sharma promoted First Global Fi...
Bain Capital-Arcil team to make highest offer for Rs 630 cr SME portfolio of Religare FinvestBain-Arcil's joint offer of Rs 193 crore triggers a Swiss auction. Phoenix ARC and ACRE also in the fray to acquire the portfolio.
Clix Cos sell Rs 107 cr principal dues of Coffee Day Enterprises unit to Phoenix ARCCoffee Day Hotels and Resorts is a 100% subsidiary of listed Coffee Day Enterprises, with liabilities of Rs 330 crore, according to the ann...
Hotel Leela to consider 125 crore share issue to JM Financial ARCThe hospitality chain currently has a debt of Rs 3,662 crore.