The government plans to amend the Insolvency and Bankruptcy Code (IBC) to provide immunity to companies taking over stressed assets from prosecution for financial crimes committed by erstwhile promoters. This will help...
ONGC seeks buyers for KG Basin gas
Oil and Natural Gas Corp is seeking buyers for the first gas from its KG basin fields, which would begin production next month after years of delay. ONGC is auctioning 0.75 million metric standard cubic meters a day...
ProSieben’s U.S. production assets attract strategic buyers: sources
ProSiebenSat.1 Media’s U.S. production business, which includes the maker of crime drama ‘Bosch’, is attracting interest from strategic buyers and the German broadcaster aims for a sale by year-end, sources familiar...
AMS already has potential buyers for Osram’s digital business – CEO
AMS already has a list of potential strategic buyers for Osram’s digital business it could talk to if it succeeds in purchasing the German lighting group, the chief executive of the Austrian sensor specialist said. AMS...
Macquarie, Ashoka Buildcon seek buyers for $2 billion roads business
Infrastructure developer Ashoka Buildcon and Macquarie Infrastructure and Real Assets (MIRA), one of the biggest foreign infrastructure investors in India, are seeking buyers for their $2 billion roads portfolio, Ashoka...
Thyssenkrupp weighs elevator stake sale as buyers circle
ThyssenKrupp AG has received interest from competitors and buyout firms for a stake in its 15 billion-euro ($16.8 billion) elevator unit, prompting the German industrial firm to explore a sale alongside its planned...
Govt plans to liberalise terms of Air India sale to attract buyers
The government is planning to liberalise the terms and conditions for the sale of state-owned carrier Air India. The changes would allow a potential buyer to go for a stake sale of the airline immediately after...
Pawan Hans sale: Govt to issue fresh bid document, to indemnify buyers of contingent liability
After a botched attempt for sale of Pawan Hans, the government is likely to issue a fresh bid document by the end of this month and provide indemnity to the potential buyers against contingent liability of about Rs 500...
Lenders of VOVL appoint Deloitte to find buyers for its overseas assets
Lenders to Videocon group’s energy business have hired Deloitte India to find a buyer for its assets in Brazil, Indonesia and East Timor, two persons aware of the development said. The investment banking arm of Deloitte...
Jaypee Infra insolvency: Over 23,000 homebuyers, 13 banks start voting on NBCC’s bid
Homebuyers and lenders of debt-laden Jaypee Infratech Thursday started voting on state-owned NBCC’s bid to acquire Jaypee group’s realty firm and complete the construction of over 20,000 flats. The voting...
Jaypee Infra lenders, home buyers vote against Suraksha Realty’s bid
Debt-stressed Jaypee Infratech’s financial creditors and home buyers have voted against the bid of Mumbai-based Suraksha Realty, the only offer that was left in fray to acquire the company. Both financial creditors and...
When will Jet Airways fly again? Lenders waits for buyers as rivals muscle in
A revival of Jet Airways India Ltd., once the nation’s biggest carrier by market value, is at risk as days roll by since its operations were completely halted. While the cash-strapped carrier awaits potential investors...