Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default...
Samarco, a Vale-BHP joint venture, plans to raise $2 billion in restructuring
Brazilian miner Samarco Mineracao SA, an iron ore joint venture between Vale SA e BHP Group Ltd, plans to raise $2 billion in fresh capital as part of its plan to exit bankruptcy protection, according to court documents...
PSU banks ask for second restructuring window, lower provisions
Public sector bankers have asked Reserve Bank of India (RBI) to extend the second round of restructuring for all companies with a reduced provision rate of 5% versus 10% done last year. In a video conference with RBI...
IBM Corp. gets competition commission nod for internal restructuring
Competition Commission of India (CCI) has granted deemed approval to IBM Corp. for an internal restructure that covers its India business, under a fast-track clearance provision. An official statement from the...
Lenders to Future Enterprises, Future Supply Chain Solutions approve debt restructuring
Lenders to two more Future group firms — Future Enterprises and Future Supply Chain Solutions — have approved a resolution plan to restructure the existing secured financial debt of the companies, as per...
Expect Religare Finvest’s debt restructuring to be over in 2 months,: Official
With debt restructuring plan getting approved by a consortium of 18 lenders led by SBI, Religare Finvest Ltd is gearing up for new business, Religare Enterprises Chairperson Rashmi Saluja said. RFL, an NBFC arm of...
EDF restructuring talks not ‘bogged down’, CEO says
Talks with the European Commission on restructuring EDF are not stuck and the French firm remains on track to start operating its next-generation nuclear reactor at Flamanville next year, its CEO said on Saturday...
SP group studies options for its stake valuation, considers one-time debt restructuring plan
The Shapoorji Pallonji group is mulling over options including a one-time debt restructuring plan even as it readies to mount a fresh round of legal challenges concerning the fair valuation of its minority stake in Tata...
CG Power lenders agree for loan restructuring, pave way for Murugappa takeover
Lenders to CG Power and Industrial Solutions have agreed to a one-time loan restructuring to pave way for the Chennai-based Murugappa Group taking over the scam-hit equipment maker. CG Power had total debt of Rs 2,161...
Triggers for M&A – Internal Restructuring
We looked at the diverse types of structuring possible and the triggers when a business owner is going for external restructuring. External restructuring is the option for inorganic growth strategy for the company...
NTPC to buy back shares worth Rs 2,275 cr as part of restructuring plan
India’s largest power generating company, state-owned NTPC, on Monday received the board’s approval for a share buyback. The board of directors approved the buyback of up to 197.8 million equity shares for Rs 2,275.74...
Zee Group in restructuring mode; Rahul Johri to head content, revenue
Private broadcaster Zee Entertainment Enterprises Ltd (ZEEL), which has been facing cash flow issues for over a year, on Wednesday unveiled a major strategic restructuring involving its key talent and integrated various...