PromitMukherjee
Stories by PromitMukherjee
Jet Airways’ shareholders approve debt-for-equity swap
The plan will mean the lenders will have a bigger holding than any other shareholder.
India: ArcelorMittal looks to purchase another piece of Essar empire
ArcelorMittal has bid 48 billion rupees ($673 million) to acquire Essar's 1200 MW power plant in central India, one of the most prized assets in the
Three years later, India’s bankruptcy reform languishes in courts
Litigation has tied down some big restructuring deals and bankers are starting to sell bad debts at fire sale prices rather than wait for the system t
India’s debt-laden IL&FS to sell domestic road assets held by unit
ITNL, the biggest subsidiary of IL&FS, houses some of the most valuable assets that could generate interest from investors.
India: ArcelorMittal, Nippon win creditors’ approval to buy Essar Steel for $5.7b
The announcement potentially brings to a close a year long tussle for one of the most attractive assets under the new insolvency process in India.
India’s IL&FS wins shareholder approval for restructuring plan
The approval gives IL&FS a lifeline and time to sell some of its infrastructure assets and restructure its $12.55-billion debt pile.
India’s smaller renewable firms fight takeover prospects to remain independent
In a few years, there may be only a few big companies and a few regional firms active in India's renewable sector.
India asks state-owned oil firm to list overseas unit ONGC Videsh
The move to float the unit is part of a government push to sell state-assets to raise funds.
India does a rethink on move to split up gas utility Gail
Investors, private companies and consultants have said that GAIL's dominance in pipeline infrastructure across the country conflicts with its business
India’s JSW Steel mulls bid for ArcelorMittal’s Romania plant
ArcelorMittal, the world's biggest steelmaker, has had to put six European assets up for sale to get approval from European competition authorities fo
