Vishwanath Nair
Stories by Vishwanath Nair
India: Lenders to invite buyers for ABG Shipyard stake
ABG’s CDR was one of the largest loan recasts undertaken in recent years by India’s banks, second only to the Rs.13,500 crore debt reorganization
India: Banks face hurdle in finding foreign buyers for stressed assets
Attempts to find foreign buyers for stressed assets have failed to take off due to valuation differences and difficulties in conducting due diligence.
India: ICICI Bank shelves plans to sell home finance division
Global PE investors, such as TPG, Partners Capital and Baring Private Equity Asia, were in discussions with ICICI Bank for a possible deal.
India: IDBI Bank sells 2% stake in National Stock Exchange to LIC
IDBI Bank had announced a three-year turnaround plan in which the bank plans to raise Rs.19,000-20,000 crore worth of equity capital before March 2019
India: Kingfisher House fails to attract any bids at SBI auction
The base price for this multi-storey building, with a built up area of over 17,000 sq. ft, was set at Rs 150 crore.
Kotak Mahindra, Canada Pension board tie up to launch $525m stressed asset fund
The fund has a flexible investment mandate—providing financing solutions to companies in addition to investing in stressed asset sales by banks with
India: Lenders may sell majority stake in ABG Shipyard
“There are not too many buyers that have come up for this stake buy as the shipping sector is presently going through a tough period. We are in talk
India: IDBI Bank puts share sale to institutional investors on hold
On 31 December, the bank informed stock exchanges that the government had approved a plan to raise Rs3,771 crore through a QIP offer
India: Govt to further divest from IDBI Bank, reducing stake to less than 50%
As of September, govt directly owned 76.5% in IDBI Bank, and held an additional 13.88% through public sector entities such as LIC
