Latest News on Aion Investments
Showing of 0 - 10 from 4 results
Aion Investments - Total results - 4
Sep 05, 2018
JSW Steel, promoters acquire around 88% stake in bankrupt Monnet Ispat after NCLT approves Rs 2,875 cr bidMonnet Ispat, once one of the country's foremost steelmakers, ran a successful coal-based sponge iron plant with an annual capacity of 1.5 million tonnes in Chhattisgrah
Jul 27, 2018
Aion Investments, JSW Steel to pay Rs 2,892 crore to pick 74.3% stake in Monnet IspatThe bankrupt Monnet Ispat owes over Rs 11,000 crore to a clutch of lenders.
Jul 20, 2018
Monnet Ispat bankruptcy: Aion Investments-JSW Steel consortium wins bid, lenders to take 74% haircutAion-JSW consortium was sole bidder for 1.5 million tonne asset of Monnet Ispat in Chhattisgarh. JSW Steel said the detailed NCLT order is awaited
Apr 11, 2018
JSW, AION Investments get creditor's nod for bankrupt Monnet Ispat takeoverMonnet Ispat is among India’s 12 biggest loan defaulters, which were pushed into bankruptcy last year, as part of the country’s new bankruptcy law aimed at cutting close to $150 billion of accumulated soured loans.