Everstone Group, a private equity and real estate investment firm that focuses on India and South-East Asia, on Monday said it has invested $50 million in the Series B funding of New Jersey-based Slayback Pharma Llc...
Jindal Steel promoter OPJ Trading raises funds from Centrum Credit
OPJ Trading Pvt. Ltd, the main promoter entity of Naveen Jindal’s Jindal Steel and Power Ltd (JSPL) has raised around ₹180 crore in fresh debt from Centrum Credit Opportunities Fund, said a senior executive of the fund...
Suzlon offers lenders 68% discount on debt recast deal: Report
Suzlon Energy Ltd. will offer to restructure debt at a steeper discount than Indian banks have been willing to consider so far, said people familiar with the matter, pushing the wind turbine maker closer toward...
RIL made $3 billion acquisitions in three years to boost offerings
Reliance Industries Ltd (RIL) has made acquisitions worth $3 billion in the past three years to boost product offerings of its subsidiaries—Reliance Jio Infocomm Ltd and Reliance Retail Ltd, among others. Last month...
Apollo Hospitals gets nod to exit insurance business, shares soar
Shares of Apollo Hospitals Enterprise Ltd surged on Thursday after the insurance regulator approved the hospitals group’s sale of 50.8% stake in its health insurance venture to Housing Development Finance Corp. Ltd...
Hinduja, Synergy, Dubai fund may bid for Jet Airways
London-based Hinduja Group, South America’s Synergy Group and a Dubai-based fund are the three potential bidders for bankrupt Jet Airways (India) Ltd, two people with direct knowledge of the matter said. Lenders to Jet...
PFC, NTPC stake sales hit borrowing clause hurdle
The government is facing hurdles in trimming its stakes in Power Finance Corp. Ltd (PFC) and NTPC Ltd, as the companies may breach a bond covenant that requires the companies to be majority-owned by the government...
PNB extends deadline to submit bid for Jindal India Thermal Power to 4 January
State-owned Punjab National Bank (PNB) extended the deadline for submitting bids to sell its 73.59% equity shares and 66% preference shares of Jindal India Thermal Power Ltd (JITPL) to 4 January. The bids can be...
Irdai restores Reliance Capital’s 100% shareholding in Reliance General Insurance
Reliance Capital on Sunday said the Insurance Regulatory and Development Authority of India has cancelled pledge enforcement of Reliance General Insurance Company Ltd’s (RGICL) shares by Credit Suisse and Nippon...
DHFL creditors claim more than ₹87,000 crore under IBC process
Lenders, bondholders, employees and other creditors to Dewan Housing Finance Corp. Ltd (DHFL) have claimed dues of ₹87,905.6 crore under the insolvency resolution process, showed data on the debt-laden shadow lender’s...
Chiratae, Sequoia lead funding round in GoMechanic
Gurugram-based vehicle service and repair startup GoMechanic has raised ₹105 crore in Series-B funding led by Chiratae Ventures and Sequoia Capital with Orios Venture Partners also participating in the fundraise...
Despite IBC changes, JSW may go slow on Bhushan Power and Steel buy
India’s second-largest private steelmaker, JSW Steel Ltd, may go slow on buying bankrupt Bhushan Power and Steel Ltd, despite the cabinet on Tuesday approving an ordinance to ring fence successful bidders from criminal...
