Metropolis Healthcare said it will acquire Dr Ganesan's Hitech Diagnostic Centre
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The banks will be taking a huge haircut as compared to an average 45 per cent recovery in insolvency and bankruptcy cases
Lenders meeting today to press for better share in recoveries from frauds
Creditors of India's Dewan Housing Finance Corp have voted in favour of a $5.09 billion takeover bid submitted by the Piramal Group for the troubled "shadow" lender, a source said
DHFL's fall not only exposed the chinks in Indian auditing firms, but also showed the flaws in rating companies, which gave it the highest rating
With this Piramal succeeds in getting the requisite 66 per cent voting, says source
Voting on DHFL bids by committee of creditors ends today
The markets regulator found it was a subsidiary of CARE which had rated the Oaktree acquisition proposal, not the bonds
Reports suggest a potential recovery of 35 per cent from the bid process compared to an average recovery of seven per cent
Reports suggest a minimum upside of 35 per cent from the bid process of the lender
Piramal Enterprises claimed that its bid provides better offer to over 55,000 retail fixed deposit holders of the debt-ridden mortgage lender than Oaktree Capital
The NCD and FD holders have the largest exposure to the crippled company at Rs 45,000 crore, followed by banks at Rs 35,000 crore and others have an exposure of Rs 5,000 crore.
As per norms, credit rating agencies cannot indicate a rating of an instrument unless such a rating is given. Such action is barred as it could potentially mislead investors.
The tier I capital of DHFL has already been completely written off and the existing lenders will be taking a substantial write-down on their loans
Piramal Enterprises on Friday claimed that its bid for resolution of debt-ridden mortgage lender DHFL is highest and fully compliant with regulatory norms
US firm says its offer is better, warns of legal action
US-based Oaktree Capital has said its revised bid for the debt-ridden DHFL is unconditional and comes with a commitment of fresh capital infusion of Rs 1,000 crore for the revival of the company
Axis Bank ended the session as top Sensex gainers, up 6 per cent at close, followed by gains in HDFC (2.7 per cent), IndusInd Bank (2.7 per cent), and TCS (1.7 per cent)
MOIL will form JV with Gujarat Mineral Development Corporation for manganese ore mining JV in Gujarat