Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 197 for query «nclt»

7 January, 2019 7:58 AM Elara expects banks' profitability to improve in Q3FY19

Elara Capital does not expect any new large corporate loan account to slip barring re-classification of IL&FS Brokerage houses have been betting on select banks, especially after the beginning of improvement in their asset quality and hope of further earnings growth. Elara is one of the brokerage houses that also turned positive on banks and expects 70

19 December, 2018 8:04 AM Indiabulls Real Estate soars 7% after board approves restructuring

The restructuring will facilitate proposed divestment of the company's assets in Chennai to Blackstone Group. Shares of Indiabulls Real Estate (IBREL) jumped 7 percent after the board approved a scheme of arrangement to facilitate divestment of assets in Chennai to the US-based Blackstone Group. IBRE had earlier this year agreed to sell its commercial 59

6 December, 2018 4:56 PM NCLT directs Era Infra RP to admit ICICI Bank as financial creditor

The National Company Law Tribunal (NCLT) directed the resolution professional of Era Infrastructure India to admit ICICI Bank as a financial creditor under the insolvency proceedings. The resolution professional (RP) had declined to accept ICICI Bank's claims worth Rs 700 crore. A two-member principal bench of the NCLT also directed the RP to grant ICICI 61

27 November, 2018 8:54 PM IFCI gets Rs 492 cr for Binani Cement resolution under IBC

On November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement. New Delhi: Infrastructure term lender IFCI Monday said it has received Rs 492 crore towards security receipts under the IBC resolution plan for Binani Cement. "On account of resolution of Binani Cement through NCLT, IFCI, which is holding 42,16,850 security 71

10 November, 2018 1:35 PM Shareholders of Bharat Financial will meet over merger with IndusInd Bank next month

Bharat Financial Inclusion Ltd (BFIL) on Saturday said its shareholders' meeting will be held on December 11 to approve the merger of the microfinance company with IndusInd Bank. In accordance with the NCLT order, meeting of the equity shareholders and secured creditors of BFIL is scheduled on December 11, 2018, the company said in a regulatory filing 81

5 November, 2018 12:56 PM Tata Steel looks at unified branding for newly-acquired cos

Bhushan Steel's own brand will continue to be in place for now, Anand Sen said. Tata Steel will adopt a unified branding strategy for all newly-acquired companies, a top official of the steel major said on November 5 . The company has recently taken over stressed steel plants of Bhushan Steel and the steel business of Usha Martin. It is also vying for more assets 86

5 November, 2018 4:19 AM ArcelorMittal’s Essar Steel win may result in Rs 1,150cr loss for Gujarat govt: Report

The Gujarat government stands to lose around Rs 1,150 crore if the National Company Law Tribunal (NCLT) upholds the committee of creditors’ recommendation to accept ArcelorMittal’s resolution plan to acquire Essar Steel, a Mint report states. These dues are classified as operational creditors and ArcelorMittal’s proposal does not make any provision 110

2 November, 2018 1:41 AM Stocks in the news: Axis Bank, Inox Leisure, Parag Milk, SRF, Trent, IIFL Holdings, GSK Consumer

Jindal Drilling | Parag Milk Foods | Aarti Industries | Reliance Home Finance | Laurus Labs | Paramount Communications and SRF are stocks which are in the news today. HPCLÂ Q2: Profit falls 36.5 percent to Rs 1,092 crore versus Rs 1,719.2 crore; revenue rises 0.3 percent to Rs 67,517.9 crore versus Rs 67,311.5 crore; EBITDA drops 26.7 percent to Rs 2,121.8 crore 111

29 October, 2018 11:15 AM Century Textiles Q2 net profit jumps 3-fold to Rs 156 crore

Century Textiles & Industries (CTIL) today reported nearly three-fold jump in its standalone net profit of Rs 156.52 crore for the second quarter ended September 30. The company, which has received shareholder's nod to to sell its cement assets to Ultratech on October 24, had posted a net profit of Rs 52.78 crore in the July-September quarter a year ago, CTIL said in a BSE filing 69

19 October, 2018 1:10 PM JSW Steel weighing options to fund acquisition of Bhushan Power, Essar Steel

Sajjan Jindal-led JSW Steel is exploring various financing models, including a 'joint control mechanism', to fund the acquisition of the stressed assets of Bhushan Power and Steel and Essar Steel, a source said. This assumes significance as JSW Steel's Rs 19,700 crore offer for debt-laden Bhushan Power and Steel (BPSL) has been backed by around 90 percent 76