Tanya Thomas
Stories by Tanya Thomas
IL&FS new board mulls various options to revive debt-laden entity
The new board has appointed Vineet Nayyar as the managing director and vice-chairman of IL&FS
India: Debt-ridden IL&FS saw spate of top-level exits way ahead of crisis
The most high-profile among these exits was possibly that of Archana Hingorani who was executive director and CEO of IL&FS Investment Managers till sh
India: Edelweiss arm eyes Rising Sun’s solar assets
Deal-making in the renewable energy space has slowed down since April because of changing policies, falling rupee and steep valuations.
India: Aditya Birla Group in talks to acquire debt-laden IL&FS’s education arm
IETS, a fully owned subsidiary of IL&FS, operates computer labs in government schools under the build-own-operate (BOO) model.
US fund calls for sale of Essar’s UK assets to settle debt
The Ruias-controlled Essar Group is fighting off a challenge from a US-based hedge fund which is eyeing Essar’s assets in the UK, including the Stan
India: Adani, JNPT said to join bidding for insolvent Dighi Port
A subsidiary of South Korean steel giant Posco is also rumoured to be interested in the port.
India: LN Mittal-led ArcelorMittal revises Essar Steel bid to $5.8b
The company has also committed to pay Rs7,000 crore to settle the dues of Uttam Galva and KSS Petron.
IL&FS board fails to decide on raising funds from investors
IL&FS had about nine major shareholders, the biggest of whom are LIC, Orix Corp. of Japan, Abu Dhabi Investment Authority and HDFC Ltd.
India: Lone Star, I Squared Capital keen to buy out IL&FS’ stressed assets
Infrastructure Leasing and Financial Services (IL&FS) hopes to raise $2 billion (or Rs 10,000-12,000 crore) from the sale of its assets.
India: Reliance Infra sells Mumbai power utility to Adani
Though Reliance Infra has sold one of its profitable business ventures, it will help bolster the company’s financials by repaying debt
