Lenders are betting on Reliance Retail Ventures, a RIL subsidiary, to acquire bankrupt Future Enterprises to recover part of their Rs 15,820 crore exposure to the company. Lenders say RRVL, if its offer is accepted, will get access to two insurance JVs which are currently owned by Future Enterprises with Generalli which… Continue reading Lenders bet on Reliance Retail Ventures for Future Enterprises revival
Tag: lenders
Byju’s lenders accused of using bogus loan-default claims to gain control
By Jef Feeley and Reshmi Basu Lenders to one of India’s hottest tech startups, Byju’s, created bogus default claims tied to a $1.2 billion loan as part of a scheme to gain control of the education-technology provider, the firm’s lawyer told a judge. The distressed-debt lenders are “playing hardball” to create… Continue reading Byju’s lenders accused of using bogus loan-default claims to gain control
NCLT issues notice to lenders, next hearing on Aug 7
The National Company Law Tribunal (NCLT), Delhi on Monday issued notice to the Company of Creditors (CoC) of Go First to reply if they have given their approval to refund passengers for their advanced bookings since the insolvent airline’s grounding on May 3. According to the resolution Professional (RP), Go First has to… Continue reading NCLT issues notice to lenders, next hearing on Aug 7
SBI’s infra bond response likely to lure lenders into tapping mkt: Bankers
Strong demand for infrastructure bonds sold by India’s largest lender could push other banks to tap the market, as appetite from long-term investors shows confidence, merchant bankers said on Monday. Earlier in the day, the State Bank of India (SBI) accepted bids worth 100 billion rupees ($1.22 billion) for 15-year bonds at… Continue reading SBI’s infra bond response likely to lure lenders into tapping mkt: Bankers