Banks Approach Court to Recover Topworth Debt

As concerns over deteriorating asset quality loom, lenders have begun approaching debt-recovery courts to recover a part of their estimated credit exposure of INR 173 billion to Mumbai-based Topworth. With this, India adds another to its bad loans count. As per a report

 

And The Rally Continues

Transaction advisory firms had predicted M&A activities in 2017 to remain strong and positive owing to the continued interest of financial and strategic investors in the Indian economy. It was predicted that the focus on consolidation and fund raising will dominate the

 

M&A Escalation Deals 2017

M&A Activity will Increase in 2017 Having begun slow, 2016 became the year of mergers & acquisitions by the end. A latest E&Y report says, “2016 was a strong year for global M&A, with USD 3.5 trillion of deals announced. Cross-border M&A

 

What’s Driving Liberty House to Acquire Steel Business in UAE?

In the past one year, UK based Liberty House Group has spent USD 629 million on buying industrial businesses which include Rio Tinto’s aluminium smelting plant in Scotland, Tubular Solutions in West Midlands, UK, and soon-to-be bought Tata Steel’s specialty steel unit

 

Can M&As Fuel the Power Sector?

As per rating agency CRISIL, in power sector around 17,000 MW of operational power projects with a debt of INR 700 billion and additional 24,000 MW under-construction projects with a debt exposure of around INR 640 billion are at high risk. These

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