Debt Financing
A special court in Mumbai has allowed "restoration" of properties worth INR 440 crore of fugitive jeweler Nirav Modi, confiscated by the Enforcement Directorate (ED), to the Punjab National Bank (PNB). Nirav Modi and…
Debt Financing
BharatPe, which provides financial services to merchants, has raised INR 200 crore debt. IIFL Wealth and Asset Management, and Northern Arc Capital have contributed INR 100 crore each. This is the seventh round of debt…
Debt Financing
Delhi-based lender IFCI Ltd has moved the National Company Law Tribunal (NCLT) opposing the other lenders' plans to sell Videocon Industries' oil assets and consumer durable business separately. IFCI, which is one of…
Debt Financing
True Credits, a Reserve Bank-licensed NBFC of True Balance, has raised USD 15 million (about INR 111.4 crore). With this, the total debt funding raised by the company stood at USD 25 million. The second round of…
Debt Financing
IDBI Trusteeship Services has approached the Delhi bench of the National Company Law Tribunal (NCLT) against Noida-based developer Shipra Estate Ltd for the default of over INR 315 crore. The lenders have proposed…
Debt Financing
State-owned Punjab National Bank (PNB) is looking to sell its exposure of INR 1,719.85 crore in KSK Mahanadi Power Company Ltd to asset reconstruction companies (ARCs), other banks and non-bank financiers. The sale…
Debt Financing
APM Terminals Management BV, Navin Jindal Group, and a consortium of Dubai's GMS Inc and Turkey's Besiktas Group have placed bids for Reliance Naval and Engineering Ltd (RNaval), the bankrupt shipyard earlier owned by…
Debt Financing
Mumbai-headquartered Nayara Energy, which owns and operates the Vadinar oil refinery in Gujarat, has raised INR 2,285 crore through a debenture issue that was oversubscribed by 128.5 % over the base size of INR 1,000…
Debt Financing
The National Company Law Tribunal (NCLT), Chennai, has rejected a one-time settlement offer made by the erstwhile promoters of Siva Industries and Holdings Ltd to its lenders, saying the proposal is not in conformity…
Debt Financing
Venture debt firm BlackSoil has invested over INR 20 crore cumulatively in used commercial vehicle financing NBFC Loanzen Finance, microfinance NBFC SV Creditline and IT services provider CMS IT Services…
