Alekh Archana
Stories by Alekh Archana
Lenders reject RIL, JM Financial’s joint bid for bankrupt Alok Industries
The textile company was among the 12 large stressed assets identified in June 2017 by the RBI.
Anil Agarwal-backed Vedanta finalizes terms for $614m bond issue
The money raised from the Vedanta bond issue will be used for working capital requirements, general corporate purposes and to refinance debt.
India: Liberty House in talks with lenders of Amtek Auto over restructured deal
Lenders rejected the only two bids received from Liberty House, on the grounds that they quoted less than Amtek’s liquidation value.
India: SBI may seek fresh bids to select IRPs for Videocon firms
The Videocon firms were in RBI’s second list of defaulters against whom banks were directed to file insolvency petitions
India: Lanco Infratech looks to sell four renewable energy assets, seeks buyers
Lanco Infratech was among the 12 cases referred to the National Company Law Tribunal by RBI
India: Canara Bank board approves stake sale in AMC, housing finance units
The board has also approved stake divestment in Canbank Computer Services Ltd, in which Canara Bank is the majority shareholder.
India: Canara Bank to hire investment bankers for sale of non-core assets
The idea behind the sale of its so-called non-core assets is to unlock the value of its strategic investments, according to a tender notice on the ban
India: IndusInd Bank board approves merger with Bharat Financial
As of 30 June 2017, Bharat Financial had a loan book of Rs 10,971 crore.
India: Greenko in talks with bankers to raise $456m via bond offering
The bonds are said to be sold by 10 special purpose vehicles (SPVs), each issue worth Rs300 crore.
India: Interests of Shriram shareholders will be key in merger with IDFC, says Ajay Piramal
Merger discussions may even be called off if the deal structure is not favourable to shareholders of the Shriram group firms.
