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Acre puts Nagarjuna Fertilizers up for sale at double buy price

Distressed debt aggregator Acre Asset Reconstruction Company (ARC) plans to sell Nagarjuna Fertilizers and Chemicals, seeking ₹1,600 crore from bidders. The sale includes the Kakinada urea plant and other assets. However, the company faces issues with gas supply, litigation, reimbursements, and land usage norms. ....

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Grapevine: Byju's gets $300 mn rights issue commitment; Sony, Zee resume merger talks

Edtech firm Think and Learn, operating under the Byju’s brand, has received commitments totaling $300 million (Rs 2,489 crore) for its ongoing rights issue, set .. ....

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Acre puts Nagarjuna Fertilizers up for sale at double buy price

Distressed debt aggregator Acre Asset Reconstruction Company (ARC) plans to sell Nagarjuna Fertilizers and Chemicals, seeking ₹1,600 crore from bidders. The sale includes the Kakinada urea plant and other assets. However, the company faces issues with gas supply, litigation, reimbursements, and land usage norms. ....

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Nagarjuna Fertilizers: Nagarjuna Fertilizers looking to settle ACRE debt via slump sale

The proceeds will be used to settle loans of its new lender, Assets Care and Reconstruction Enterprises (ACRE), an asset reconstruction company. SSG-Ares backed ACRE acquired Nagarjuna Fertilizers entire ₹1,500 crore debt from banks by paying ₹811 crore, as reported by ET on March 29. ....

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GIC, ADIA-backed Greenko's promoters seal over $200-mn takeover

A company owned by the promoters of the Hyderabad-based Greenko Group, one of India’s largest renewable energy producers, is set to acquire the assets of a leading fertilizer manufacturer in a Rs .. ....

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