Crisis investing: How 14 different asset classes performed in times of distress

History does not repeat itself, but it often rhymes. This could not be truer for crisis investing. Between China’s stockmarket and the debt troubles of Greece and Puerto Rico, it is clear that we could be entering a time of … Continue reading

Two PEs move CLB against investee firm Fourcee Infra alleging embezzlement

Two global private equity funds, General Atlantic and India Equity Partners, have filed a petition in the Company Law Board (CLB) to appoint an administrator to wrest control of an investee company Fourcee Infrastructure Equipment, alleging that the promoters have … Continue reading

Stressed infra doing distress sales

After holding on to their stressed assets for years, infrastructure companies have finally started selling out. It was the Rs. 3,800 cr JP – UltraTech deal last week, and more recently GMR Infrastructure announced that it has sold its majority … Continue reading

Banks staring at Rs 6000-crore writeoff on loans to debt-ridden Kingfisher Airlines

Banks are staring at a possible Rs 6,000-crore writeoff on loans to Kingfisher Airlines, the biggest writeoff in Indian corporate history, as the continuing delay in resumption of services means even vulture funds are unlikely to invest in the airline. … Continue reading

Suzlon Energy will default on $209-million FCCB- Last minute restructuring Efforts On

Loss-making Suzlon Energy, which binged on overseas acquisitions with borrowed money during the boom years of 2005-2008, is set to default on foreign loans worth more than $200 million after offshore lenders refused to give more time for repayment. Suzlon’s … Continue reading

NPA woes: Why banks are not selling bad loans

Escalating bad loans have not yet made a strong case for banks to sell their distressed portfolios to asset reconstruction companies (ARCs). Almost every such company is struggling to get business from banks, whose repeated assurance does not translate into … Continue reading

European Banks no different than Indian Banks in taking Distress Portfolios to market

Europe has been synonymous with distress for a few years now–but the touted opportunity is there only for those who can wait, and wait some more, investors said Thursday at the Dow Jones Private Equity Analyst Conference in New York. … Continue reading

Cabinet okays bailout for power distributors

The cost of power is all set to rise as the Cabinet approves a restructuring package for state electricity boards across the country. One of the major riders for availing the restructuring package is that state electricity boards will have … Continue reading