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HCC sells land parcel for Rs 95 crore near Mumbai

India real estate: According to the documents shared by CRE Matrix, HCC board on November 9 passed a resolution to sell the land as part of asset monetisation of debt resolution ....

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PFC, REC seek DIPAM nod for debt resolution plan for KSK Mahanadi

The state-owned lenders, with NTPC Ltd as the technical partner, had earlier given expression of interest for the 1,800 MW coal-based power project in the Champa district of Chhattisgarh along with companies like Vedanta Ltd, Adani Power Ltd, and Jindal Power Ltd. While the PFC-REC duo had submitted its bid for the project, it was later clarified that they needed DIPAM s approval to participate in the resolution process, three people in the know said. ....

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Religare Finvest defaults on Rs 96 lakh interest payment on bonds

Religare Finvest defaults on Rs 96 lakh interest payment on bonds : Rashtra News #Religare #Finvest #defaults #lakh #interest #payment #bonds RFL, a subsidiary of Religare Enterprises Ltd (REL), was put under the Corrective Action Plan (CAP) by the Reserve Bank of India in January 2018 due to issues emanating from siphoning and misappropriation of […] ....

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Kesoram Industries announces cessation of nominee director

Kesoram Industries announces cessation of nominee director
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Bhaskar Niyogi , Kesoram Industries , Debt Resolution Plan , State Bank , Nominee Director , Capital Market , கேசோரம் தொழில்கள் , கடன் தீர்மானம் திட்டம் , நிலை வங்கி , பரிந்துரைக்கப்பட்டவர் இயக்குனர் , மூலதனம் சந்தை ,

Kalrock-Jalan plan: Jet creditors to get ₹1,183 crore over five years

NCLT to consider the consortium’s offer tomorrow
Lenders to Jet Airways will recover ₹1,183 crore over a five-year period, according to the debt resolution plan submitted by the Kalrock-Jalan combine.
Of this, the first tranche, in cash, will be of ₹280 crore after 180 days of the new promoters taking ownership of the beleaguered airline. And, a second cash tranche of ₹195 crore will follow in 730 days. The balance will be paid through a mix of cash, asset sale and from the cash flows generated by the airline every year. In effect, the new owners will acquire controlling stake in Jet for a cash consideration ₹475 crore. ....

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