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RP not running transparent process: KK Maheshwari, MD, UltraTech

Fraud allegation report was not given to the bidders in the data room, and this has certainly come as a big surprise to us, he said.

Exim moves NCLT for value maximisation from Binani's resolution process

Sources said the Dalmia Bharat Cement-led consortium's proposal would help pay the bank only Rs 4.5 billion and another Rs 1.7 billion would be left out, resulting in a haircut

Essar Steel set for rebid as lenders reject Arcelor, Numetal offers

All six companies, which submitted expressions of interest, told to submit bids by April 2

VTB Bank, ArcelorMittal ready for second round of Essar Steel battle

The lenders to Essar are meeting on Wednesday to invite the second round of bids for Essar Steel

Here's why ATC may delay the acquisition of Idea and Vodafone tower

In November, an Indian subsidiary of ATC had agreed to buy 20,000 mobile towers owned by Vodafone India and Idea Cellular

Insolvency process: Essar Steel likely to see second round of bidding

If the resolution professional fails to receive any bid, it will recommend liquidation of the company by April-end and Essar Steel's assets will be sold

UltraTech takes fight for Binani Cement to NCLT after bid rejection

There was no transparency over how the bids were evaluated and why the UltraTech bid was rejected, said source

Insolvency: Binani Industries questions cement arm's bidding process

Resolution professional has personal interests, says firm in NCLT filing

ArcelorMittal, Numetal bids for Essar Steel fail eligibility test

Legal vetting finds both bidders had connections with non-performing assets

Rs 114-bn PNB scam: Auditor Deloitte seeks answers from Nirav Modi company

The auditor to Modi's Firestar International, Deloitte signed off the accounts for financial years ended March 2016 and March 2017

Bhushan Steel auction: Fear of winner's curse pulls down Tata Steel shares

Tata Steel also sweetened the deal with 12.5 per cent equity of Bhushan Steel to the lenders

Bank haircuts on NPAs go up to 80%; 9 of 12 firms enter bidding stage

The least loss is likely to be in case of Bhushan Steel, for which JSW Steel has offered Rs 280 bn of cash and equity worth Rs 17 bn to banks

VTB Bank-Ruias, ArcelorMittal, Tata Steel to make bid for Essar Steel today

According to a source, ArcelorMittal is likely to bid alone

JSW and Tata Steel bid for debt-laden Bhushan Power on the final day

Around 13 companies had submitted expressions of interest

Budget 2018 shocker for M&As: Entities to pay 20% DDT with retro effect?

FM Arun Jaitley's Union Budget 2018-19 has plugged tax loopholes on India Inc mergers

Insolvency: Bidders may not be able to sell stressed assets for 5 years

Banks, expected to take haircuts of 60% at least on their loans, want to protect their interest even after a new owner comes in

Tata Steel, Vedanta, JSW to make financial bids for Bhushan Power & Steel

The last date for accepting the bids has been extended to February 8 as bidders seek more clarity on the income tax (I-T) liabilities

RIL's Mukesh Ambani in talks to buy out Jai Corp's 24% stake in NMSEZ

If deal materialises, Ambani will be the largest shareholder in venture with 48.1% stake

RBI's first defaulter list: Liquidation value of steel firms at Rs 540 bn

The bidders will have to make their offers above this floor price, with upfront cash to be adjusted against bank debt

Idea Cellular plans to raise Rs 67.5 billion before Vodafone merger

The fund infusion is necessary as it will enable both firms to go ahead with the mega merger, scheduled to close by the middle of this year