Malvika Joshi

Fortis Healthcare raises bridge loan to stave off bankruptcy

Fortis Healthcare has raised Rs150 crore bridge loan from RattanIndia Finance to keep the struggling hospital operator afloat till it finds a buyer


Stressed assets funds eye Fortis Healthcare in anticipation of insolvency proceedings

Some investors are already anticipating that the firm may be admitted for insolvency proceedings if there are more delays in arriving at a resolution plan.


The story behind Manipal & TPG’s relentless pursuit of Fortis hospitals

Many hurdles remain in the Fortis-Manipal deal to create India’s largest hospital chain, but Ranjan Pai is not ready to give up on the acquisition


India: JSW unit may rope in PE partner for Essar Steel

JSW Steel Ltd is bidding for debt-ridden Essar Steel Ltd in alliance with Numetal Mauritius


India: Fortis-Manipal deal has 50:50 chance of going through, says Ranjan Pai

The Fortis-Manipal deal is also likely to face hurdles from Japanese drug maker Daiichi Sankyo.


In surprise bid, JSW Steel joins hands with Numetal to buy bankrupt Essar Steel

The auction of Essar Steel Ltd also saw bids from ArcelorMittal Netherlands NV-Nippon Steel and Sumitomo Metal Corporation (NSSMC) duo, and Vedanta.


Dalmia Bharat prepares for legal action as battle for Binani Cement escalates

Dalmia Bharat will approach a higher court if the Kolkata bench of National Company Law Tribunal (NCLT) decides against it in the battle for Binani Cement acquisition.


India: Creditors select Tata Steel as successful applicant to buy Bhushan Steel

Bhushan Steel owes about Rs44,000 crore to its creditors.


Lenders to reauction Essar Steel after rejecting ArcelorMittal, Numetal bids

Bidding will be open to all six companies which had submitted expressions of interest in Essar Steel in the first round of bidding.


India: NCLT admits beleaguered telecom operator’s Aircel bankruptcy plea

Aircel and its subsidiaries Aircel Cellular Ltd and Dishnet Wireless Ltd together owe around Rs50,000 crore to creditors.