Bijou George
Stories by Bijou George
Oaktree, Apollo lead global giants looking to invest in distressed Indian assets
Funds have pumped $1.5b in distressed assets this year, 55% more in 2019.
India: Mistry Group seeks to raise up to $1b by pledging Tata stake
Mistry is trying to use his 18% stake in Tata Sons, which is estimated to be worth as much as $14 billion.
Amazon India partner Future Retail’s founders said to have breached loan terms
At issue are the loans taken by the founding Biyani family of Future Group.
Hedge funds Cerberus, SSG compete over Indian shadow bank Altico
Cerberus submitted a bid for ailing Altico last week, after getting an extension from an initial deadline.
Deutsche Bank doubles down on Indian shadow lender Altico’s debt
Deutsche Bank has almost doubled the debt it holds of Altico Capital to $42 million in the last four months.
Deutsche Bank offers to buy debt of Indian power producer at 70% discount
This is the second such proposal from the German lender in recent weeks.
Bad loans swell at real estate-focused Indian lender Altico
Creditors are seeking external bids to compete with a shareholder-sponsored restructuring plan.
Deutsche Bank-led group makes sole bid for Jindal India’s Debt
Jindal India Thermal Power is one of a string of power plants being put up for sale by banks.
India’s Religare Finvest targets $815m debt revamp by March
Religare is in talks with its creditors to retain 51% of the obligations as that can be serviced by the company’s cash flows.
India’s Kotak Investment Advisors halts bid for Altico Capital
Cerberus Capital Management LP and SSG Capital Management are now the only remaining external bidders.