Searched for
VISA STEEL LENDERS
ACRE to buy Union Bank's Rs 411 crore Visa Steel LoanAsset Care and Reconstruction Enterprises (ACRE) is set to acquire a ₹411 crore loan of Visa Steel from Union Bank of India after no other ...- Union Bank calls bids for its Visa Steel loanThe bank has been planning to sell Visa steel since March when it had sought ₹160 crore or 40% recovery on its loan. Union Bank had followe...
- SBI to hold auction for Visa Steel debt after Acre ARC's offerAcre had earlier raised its all-cash offer to ₹243 crore from ₹230 crore offered in February. It is expected to be the front runner to be d...
- ACRE raises binding offer for debt of Visa SteelACRE, an ARC, has given a revised offer of ₹243 crore as against its previous offer of ₹230 crore, the people said. ACRE was the sole bidde...
- Union Bank puts ₹410-cr Visa Steel Loan on saleUnion Bank of India is following an open bidding process where bidders are invited at above the reserve price, they said. Interested bidder...
- ACRE offers State Bank ₹230cr for Visa Steel LoansThe National Company Law Tribunal's Cuttack bench admitted Visa Steel for insolvency proceedings in November last year. Within a month, the...
- ACRE offers State Bank of India Rs 230 crore for Visa Steel loansThe offer from ACRE, an asset reconstruction company, is at the reserve price set by the bank and equates to a recovery of 33 paise on outs...
- SBI to sell its Rs 700-cr Visa Steel loan accountSBI's offer to sell this account comes even as the Orissa High Court, for the second time, stayed initiation of the insolvency process agai...
- Lenders seek clarity from bad bank over invoking guaranteesThe subject has assumed importance because banks have never invoked a government guarantee in the past. Senior bank officials conveyed thei...
- United Bank of India reports fraud against Visa Power LtdUBI Managing Director Ashok Kumar Pradhan has said that the bank had Rs 90 crore exposure to Visa Power, which defaulted a total of Rs 3600...
- Visa Power set to invite bidsVisa Power’s committee of creditors held its first meeting in Kolkata on Wednesday to consider the broad contours of terms for inviting bid...
- Andhra Bank, SBI put Rs 5,000 crore soured loans on the blockSBI also includes pool of education amounting to Rs 382 crore given to over 20,000 students.
- RBSA Advisors named interim resolution professional for Visa SteelThe State Bank of India, which is the lead bank, would initiate insolvency proceedings against Visa Steel.
- SBI to start insolvency proceedings against 12 defaulters from todayRBI has directed banks to set aside 50% as provisions on loans that are referred to the NCLT and 100% in case of liquidation.
- Bankers look for speedy resolution of 28 accounts28 bad loan accounts need restructuring by December 13 or they’ll end up in NCLT, which will require banks to provide for losses of up to 5...
- Top 50 defaulters in the dock, RBI readies second listThe move will expedite the process of resolution of 60% of the 7 lakh crore of non-performing loans that slowed lending and hit profitabili...
- RCom’s lenders consortium eyeing SDR route for revivalA meeting is expected this week and the lenders consortium may finalise advisors for SDR.
- Mission clean-up: Banks to pull up loan defaultersA battery of bankers led by State Bank of India and ICICI Bank is going to grill the top management of companies on their repayment and deb...
- Lenders to acquire 51% stake in Gammon India by strategic debt restructuringThe move is prompted due to company’s inability to meet its financial obligations, said two senior officials familiar with the development.
- Baosteel of China to pick up a 5% stake in Kolkata based Visa SteelVisa Steel holds 65% stake in Visa Bao, with the Chinese partner holding the remaining 35% shareholding in the company.
Load More
