Search For "lender"
Kotak Mahindra AMC is part of consortium of lenders, says Essel Group
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], Apr 11 (ANI): Multifaceted business conglomerate Essel Group on Thursday said that Kotak Mahindra AMC is also a part of the consortium of lenders with whom it has achieved an arrangement regarding a resolution for the repayment by September 29.
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SBI-led consortium invites EoIs for stake sale in Jet Airways
Updated : 7 years, 1 month ago IST
New Delhi [India], Apr 8 (ANI): A consortium of lenders led by State Bank of India (SBI) on Monday invited expressions of interest (EoIs) to buy a stake in financially-strapped Jet Airways and said prospective bidders will need to settle the airline's existing debt.
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Jet airways lenders meet, intend to pursue bank-led resolution plan for sa
Updated : 7 years, 1 month ago IST
New Delhi [India], Apr 4 (ANI): The lenders of Jet Airways (India) Limited met on Thursday to take stock of the current situation of the company
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Essel says understanding with the lenders stays firm
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], Apr 2 (ANI): Diversified conglomerate Essel Group clarified on Tuesday that none of its lenders has sold any of its pledged shares in the recent past.
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Mehul Choksi accuses PNB of 'maliciously' creating case against him
Updated : 7 years, 1 month ago IST
New Delhi [India], Mar 27 (ANI): Fugitive businessman Mehul Choksi on Wednesday accused the authorities of public sector lender Punjab National Bank (PNB) of creating a "malicious" case against him and his company Gitanjali Diamonds.
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Jet Airways board approves conversion of lenders' debt into equity
Updated : 7 years, 2 months ago IST
Mumbai (Maharashtra) [India], Mar 25 (ANI): Finding a sustainable solution to the turnaround of Jet Airways has been receiving the attention of all stakeholders to enable the airline to restore normalcy to its level of operations, said Jet Airways in a statement on Monday evening.
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Naresh Goyal steps down as Jet Airways Chairman, lenders to pump in Rs 1,5
Updated : 7 years, 2 months ago IST
New Delhi [India], Mar 25 (ANI): Jet Airways Chairman Naresh Goyal stepped down on Monday, paving way for lenders to bail out the financially troubled airline he set up 25 years ago.
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Naresh Goyal steps down as Jet Airways Chairman
Updated : 7 years, 2 months ago IST
Mumbai (Maharashtra) [India], Mar 25 (ANI): Jet Airways Chairman Naresh Goyal stepped down on Monday, paving way for lenders to bail out the financially troubled airline he set up 25 years ago.
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Jet good aviation property, resolution plan ready to bail it out: SBI
Updated : 7 years, 2 months ago IST
New Delhi [India], Mar 20 (ANI): State Bank of India (SBI) Chairman Rajnish Kumar said on Wednesday that all lenders have been working on a resolution plan to bail out the debt-laden Jet Airways and sending it to bankruptcy is the last option.
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Linking bank deposit rates with repo rates to speed up transmission proces
Updated : 7 years, 2 months ago IST
Mumbai (Maharashtra) [India], Mar 9 (ANI): State Bank of India (SBI) Chairman Rajnish Kumar said on Saturday that the country's biggest lender will link its rates of bank deposits for Rs 1 lakh and above with Reserve Bank of India's repo rate.
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RCom seeks lenders' approval to release Rs 260 crore directly to Ericsson
Updated : 7 years, 3 months ago IST
New Delhi [India], Feb 21 (ANI): Debt-laden Reliance Communications (R-Com) on Thursday sought an urgent approval from its lenders to allow release of Rs 260 crore directly to telecom equipment maker Ericsson, a day after the Supreme Court threatened to send its chairman Anil Ambani to ja
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Essel Group secures lenders' consent, gets time till Sept 30 to avoid defa
Updated : 7 years, 3 months ago IST
Mumbai (Maharashtra), [India], Feb 4 (ANI): Multi-faceted business conglomerate Essel Group’s management on Sunday secured a formal consent with lenders, which are having a pledge on shares held by the promoters in ZEE Entertainment Enterprises Ltd. and Dish TV India Ltd, to not dec
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