Softening its resolution plan for Jaypee Infratech (JIL), state-run construction major NBCC has offered 1,426 acres land, worth ₹5,001 crore, of the bankrupt company to its financial creditors, sources said. NBCC had...
DHFL’s debt resolution plan hits a roadblock as collections drop
Dewan Housing Finance Corp. Ltd’s (DHFL’s) debt recovery process has hit an unexpected hurdle with scores of collection agents quitting in the wake of the crisis at the mortgage lender, the latest in a string of...
Language learning startup Multibhashi raises capital from Japan’s RareJob
RareJob of Japan, which conducts online English tutorials, has made its first Indian investment in language learning platform Multibhashi, top executives at the two companies said. The value of investment was not...
Blackstone invests ₹1,750 cr in Future Lifestyle Fashions, acquires 6% in Ryka
Leading global investment firm Blackstone has invested ₹1,750 crore in Kishore Biyani led Future group firm Future Lifestyle Fashions Ltd (FLFL). “Funds managed by Blackstone have invested ₹1,750 crore (including...
Info Edge refutes report, says not selling stake in Zomato
Info Edge (India) Ltd has refuted a media report that claimed the company may be considering selling its stake in food delivery platform Zomato by April-May next year. In a letter addressed to the BSE Ltd and the...
Norwest Venture Partners raises largest fund yet at $2 billion
Norwest Venture Partners, a venture and growth capital firm, on Friday said it has closed its $2 billion global fund – its 15th and largest so far- targeted at consumer, healthcare and enterprise sectors in North...
Ujjivan Small Finance Bank raises capital in pre-IPO round
Ujjivan Small Finance Bank has raised ₹250 crore in a pre-initial public offering (IPO) round led by India Infoline (IIFL) group’s funds, a private equity fund of Avendus Capital and Akash Bhanshali of Enam Group. The...
Why Supreme Court ruling today on Essar Steel will test the IBC
The Supreme Court’s final decision on the resolution of bankrupt Essar Steel on Friday will have far-reaching ramifications for India’s insolvency code. The apex court will decide how the resolution proceeds are to be...
Tata Motors to raise $300 million through offshore bonds
Tata Motors Ltd will raise $300 million through unsecured offshore debt financing, the company said in a filing to the stock exchanges late Wednesday. The bonds will bear a coupon rate of 5.875% and will mature in 2025...
Vedanta is highest bidder for Jamkhani coal block in Odisha
Vedanta Ltd on Wednesday said it had emerged as the highest bidder for Jamkhani coal block in Odisha’s Sundargarh district in the government’s tenth tranche of coal block auction for captive use. The coal block is in...
Tata PE fund looks to exit group’s construction biz
Tata Opportunities Fund, a $600-million private equity fund which has ride-hailer Uber in its portfolio, is looking to exit its minority stake in Tata Projects Ltd, said two people aware of the development, requesting...
Cadila Healthcare acquires remaining stake in 2 subsidiaries for $250,000
Cadila Healthcare Ltd has acquired the remaining 15% stake each in its subsidiaries Zydus Technologies Ltd andZydus Noveltech Inc for a combined $250,000 from strategic and minority partner Sharad Govil, the company...
