Tanya Thomas
Stories by Tanya Thomas
Canadian pension fund CDPQ pulls out of road deal with India’s Essel
Essel is now trying to sell the assets to a joint venture between India’s National Investment and Infrastructure Fund (NIIF) and Canada's Roadis.
Lenders approve JSW Steel’s bid to acquire Asian Colour Coated Ispat
Asian Colour Coated Ispat has outstanding debt of over ₹5,000 crore.
India’s JSW Energy scouts for stressed plants to boost power portfolio
It will only consider pithead plants for acquisition, that is plants located near coal mines with assured coal supplies.
India: Essel Infra to sell solar assets to Adani Group for up to $286m
This would be the third sale for Essel Infra, which aims to monetize assets to pay off creditors.
Piramal-Bain likely to lower maiden India fund target to $750m
The fund has a mandate to invest in distressed assets and drive optimal restructuring.
India’s JSW Steel mulls options for British Steel ahead of likely bid
British Steel went into administration in May following the collapse of talks between its PE owner Greybull and the UK government for a £30-million l
India: Piramal Capital offloads $287m loan exposure in Lodha to Goldman unit
The financier aims to systematically bring down single-borrower exposure to Lodha, a Piramal Capital spokesperson said.
India: IL&FS considers plan to recast part of its stressed loans from banks, MFs
The firm is also willing to consider similar proposals for other troubled group firms to exit insolvency.
SBI sells exposure in Indian Steel Corp to Bain-Piramal ARC
The public sector lender took a 61% haircut on the asset.
Indian competition watchdog disapproves of Thyssenkrupp-Tata Steel JV
The JV would have created Europe’s second-largest steel maker after ArcelorMittal by merging the two companies’ operations.
