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ALB ASIA JANUARY FEBRUARY 2024 (INDIA EDITION) - Vimarsana News

ALB ASIA JANUARY FEBRUARY 2024 (INDIA EDITION)

JAN FEB 2024 India is poised to sustain its economic growth momentum in the fiscal year 2025, anticipating a growth rate of around 7 percent. The country’s

Shades of rough and tough, but not enough - Vimarsana News

Shades of rough and tough, but not enough

Parbina Rashid It can happen only in Bollywood! To retell the mythological story of our own Savitri and Satyavan, it has to borrow the plot of a French film, ‘Pour Elle’ (2008)! But to gi

L&L acts on Nithia acquiring Crest Steel and Power for ₹600 crore - Vimarsana News

L&L acts on Nithia acquiring Crest Steel and Power for ₹600 crore

Global advisory and investment firm Nithia Capital, has acquired Crest Steel and Power out of bankruptcy for a total consideration of Rs 600 crore.

Lenders discuss option to invite fresh bids for RCom's assets with resolution professional - Vimarsana News

Lenders discuss option to invite fresh bids for RCom's assets with resolution professional

Synopsis Lenders of the telco, which filed for bankruptcy in May 2019, are worried that similar to the Aircel case, the Reserve Bank of India (RBI) is unlikely to permit asset reconstruction firm UVARCL buying RCom's spectrum and other assets under a resolution plan, the people said. Wikipedia A consortium of Reliance Communications' (RCom) lenders, led by the State Bank of India, have held discussions with resolution professional Deloitte on whether rebidding for the bankrupt telco’s assets is an option, people familiar with the matter said. Lenders of the telco, which filed for bankruptc...

Post SC order, banks move to assess value of promoters' assets - Vimarsana News

Post SC order, banks move to assess value of promoters' assets

Many are in the process of appointing advisors to arrive at the ‘fair value’