Phoenix's offer was 78% higher than the ₹228 crore from NARCL, and more importantly, it was on a full cash basis in contrast with the 85% s...

Phoenix ARC gave a Rs 405 crore bid for the bankrupt steel maker, against the anchor offer of Rs 228 crore from National Asset Reconstructi...

NARCL has offered ₹228 crore for Mittal Corp debt held by public sector banks (PSBs) totalling ₹1,414.5 crore, people aware of the developm...

Jindal Stainless and Rimjhim Ispat have approached the National Company Law Appellate Tribunal (NCLAT) challenging the NCLT decision to per...

Once the deal is concluded, it would be the first acquisition by Jindal Stainless Steel under the Insolvency and Bankruptcy Code. Ratan Jin...

Vedanta’s ESL Steel, Rimjhim Ispat, Shyam Metallics, and Maithan Alloys were among the other bidders in the race for the Kolkata-based comp...

In 2016, lenders had attempted to sell the company to a strategic buyer by converting its debt into 51% equity under the then prevailing st...

When Rimjhim Ispat made the first bid, it had offered Rs 500 crore under the debt restructuring process, but the offer was rejected by 98% ...

As many as 130 MoUs, representing investment intent of Rs 37,376 crore, are under implementation while necessary facilitation has been prov...

Uttar Pradesh has emerged as the top investment destination and has received 98 investment proposals worth Rs 13,408.19 crore in the manufa...

The price band for the issue has been fixed in the Rs 303-306 range, which was largely in line with the grey market expectations of Rs 303-...

The total issue size is upto Rs. 909 crore with a fresh issuance of Equity Shares, aggregating up to Rs. 657 crore and an offer for sale of...

The issue comprises fresh issuance of shares, aggregating up to Rs 657 crore, and an offer for sale of up to Rs 252 crore by existing share...

The company has about Rs 243 crore total debt, while lenders and the workmen together put up a claim of about Rs 500 crore.