Page 4 - Stressed Assets

Global cues and delay in IBC may hit valuation of stressed steel assets

In terms of bids, for Essar Steel, ArcelorMittal has offered Rs 420 bn on dues of Rs 490 bn. For Bhushan Power & Steel, JSW Steel has offered Rs 193.50 bn on dues of Rs 470 bn

Progress on stressed assets to improve Power Finance Corporation margins

Near-term pressures to remain given higher focus on low-margin segments of refinancing, renewables

JSW Energy ups offer to Rs 62 bn for Prayagraj in a challenge Tata's LoI

Resurgent Power had offered an upfront payment of Rs 60.86 billion, an equity stake of around 15 per cent

Aditya Birla, US firm Värde Partners in $1-billion JV for stressed assets

Värde currently manages about $14 billion globally, and has invested nearly $500 million in India in the past five years

Stressed power assets: 180-day deadline breach not end of road, say bankers

There are about 34 stressed power projects and the combined value of their outstanding loans is about Rs 1.74 trillion

Bain & Piramal to launch a $1-bn fund to acquire stressed assets in India

World Bank investing arm IFC to put $100 million in the new fund

Steel, cement asset bidders can take CCI nod after win, say experts

Bidders, however, are of the opinion that the IBC process should be exempted from CCI regulations, like the earlier Board of Industrial and Financial Reconstruction cases

Insolvency process: JSW, Tata Steel lead in buying stressed assets

The only option for stressed asset laggards now is to bid aggressively for Essar Steel

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

Upfront cash criteria to bid for stressed assets not feasible: Bidders

The upfront cash to be paid to the banks will not make it feasible to bid for the large assets

Bidders object to promoters joining race for stressed assets

Bidders are also objecting to the listing of companies on the stock exchanges after they have been referred to the NCLT

RBI to deal with stressed assets 'creatively and pragmatically'

Owing to the large amount of NPA in the corporate sector banks are wary of lending to certain sectors

Banks not excited on wider market for stressed assets

Banks want effective turnaround plan for the stressed sectors and companies which is yet to be seen

Stressed asset funds may help reduce differences over valuations

Such funds are likely to take a middle path and arrive at a realistic valuation that is acceptable to ARCs and banks

Govt planning multiple funds to park stressed assets

Sinha says banking sector 'absolutely rock solid'