Malvika Joshi
Stories by Malvika Joshi
India: Essar Steel lenders ask ArcelorMittal, Numetal to clear outstanding dues
The committee of creditors will again meet to discuss the measures for recovery of Essar Steel suggested by ArcelorMittal and Numetal.
India: Penna Cement plans to raise $195m in IPO
Penna Cement has hired Edelweiss Financial Services Ltd, IIFL Holdings Ltd and JM Financial as book runners for the offering
India: Essar Steel lenders may invite fresh bids as soon as this week
The committee of creditors (CoC) is expected to meet in the next three days to discuss whether bids should be invited from new resolution applicants.
Ambit CEO Ashok Wadhwa to buy Qatar-based QInvest stake in group
QInvest had bought the 26% stake in the financial services company in 2011 for Rs250 crore.
Fortis Healthcare to consider only binding bids for hospital business
IHH Healthcare and Fosun International have submitted non-binding offers for Fortis hospitals, TPG-Manipal and Munjal-Burman have submitted sweetened
Fortis Healthcare raises bridge loan to stave off bankruptcy
Fortis Healthcare has raised Rs150 crore bridge loan from RattanIndia Finance to keep the struggling hospital operator afloat till it finds a buyer
Stressed assets funds eye Fortis Healthcare in anticipation of insolvency proceedings
Some investors are already anticipating that the firm may be admitted for insolvency proceedings if there are more delays in arriving at a resolution
The story behind Manipal & TPG’s relentless pursuit of Fortis hospitals
Many hurdles remain in the Fortis-Manipal deal to create India’s largest hospital chain, but Ranjan Pai is not ready to give up on the acquisition
India: JSW unit may rope in PE partner for Essar Steel
JSW Steel Ltd is bidding for debt-ridden Essar Steel Ltd in alliance with Numetal Mauritius
India: Fortis-Manipal deal has 50:50 chance of going through, says Ranjan Pai
The Fortis-Manipal deal is also likely to face hurdles from Japanese drug maker Daiichi Sankyo.
