Tanya Thomas

Liberty House seeks to resolve pending issues to close Amtek, Adhunik deals

Liberty House, which won bids to buy out stressed assets of Adhunik Metaliks and Amtek Auto, missed the deadline to make creditor payments.

UltraTech’s revised bid for Binani Cement gets NCLAT approval

UltraTech’s revised proposal was an improvement from the Rs 7,200 crore offer it made just after the deadline for bidding ended.

Macquarie looks to buy Canadian Solar’s India business

The last big deal in the renewable energy sector was in April when ReNew Power announced its plan to buy Ostro Energy for ₹10,800 crore.

ArcelorMittal faces hurdle as StanChart files caveat in Essar Steel case

Standard Chartered Bank has approached the dedicated bankruptcy court by filing caveat petition in the Essar Steel insolvency case as dissenting financial creditor, so that it can be heard before the tribunal decides on the bid of ArcelorMittal.

JSW Steel plans $682m rights issue to fund Bhushan Power acquisition

JSW Steel has submitted a bid of Rs 19,700 crore for the Bhushan Power and Steel asset, which is the highest of the three submitted.

ArcelorMittal sweetens bid for Essar Steel with more equity

The move raises ArcelorMittal’s total bid for Essar Steel to ₹50,000 crore ($6.8 billion).

KKR mulls buying out road assets of Indian shadow lender IL&FS

For its India infrastructure business, KKR has hired Hardik Shah from investment management firm Brookfield Asset Management, where he was responsible for sourcing and executing infrastructure deals.

IL&FS new board mulls various options to revive debt-laden entity

The new board has appointed Vineet Nayyar as the managing director and vice-chairman of IL&FS

India: Debt-ridden IL&FS saw spate of top-level exits way ahead of crisis

The most high-profile among these exits was possibly that of Archana Hingorani who was executive director and CEO of IL&FS Investment Managers till she stepped down in April 2017.

India: Edelweiss arm eyes Rising Sun’s solar assets

Deal-making in the renewable energy space has slowed down since April because of changing policies, falling rupee and steep valuations.