Recent Highlights
All Stories for Standard Chartered Bank
Patanjali to infuse Rs 3,438 cr in Ruchi Soya to settle creditors' dues, monitoring panel to oversee process
• 6 years agoRuchi Soya informed that resolution applicant Patanjali group will infuse Rs 204.75 crore as equity and Rs 3,233.36 crore as debt.
Finally, Baba Ramdev gets ownership of Ruchi Soya for Rs 4,350 cr; banks take huge haircut
• 6 years agoThe NCLT approval comes after it dismissed the petitions filed by Standard Chartered Bank and Singaporean lender DBS, which had both challenged the low bid by Patanjali and the resultant lower payout.
NCLAT reserves order on petitions against ArcelorMittal's Rs 42,000-crore takeover bid of Essar Steel
• 6 years agoA two-member bench asked all parties, including ArcelorMittal, to file their written submissions over their submissions by Wednesday
Ruchi Soya insolvency: Patanjali Ayurved gets time till 7 May to file detailed resolution plan for edible oil firm
• 6 years agoRuchi Soya owes Rs 9,345 crore to the lenders led by SBI who Tuesday agreed, with around 96 percent vote, to go with the second revised bid by the company promoted by Baba Ramdev
Ruchi Soya insolvency: Baba Ramdev's Patanjali bags edible oil firm as lenders approve Rs 4,325 crore bid
Fp Staff • 6 years agoPatanjali acquired Ruchi Soya Industries in an insolvency auction started by lenders to recover over Rs 9,300 crore loans
Baba Ramdev's Patanjali Ayurved raises bid value to Rs 4,350 crore to take over bankruptcy-bound Ruchi Soya
• 6 years agoAdani Wilmar, which emerged as the highest bidder in August last year after a long drawn battle with Patanjali, has withdrawn from the race
PayU India appoints Anirban Mukherjee as new CEO; vows to take firm to next phase of growth
Fp Staff • 6 years agoAnirban brings to PayU two decades of experience in global payments, credit, and digital banking gained in the US, India, and broader Asia-Pacific region.
NCLT allows Ruchi Soya management to get copy of resolution plans; says it will start regular hearing on the matter from 5 March
• 6 years agoA resolution for Ruchi Soya, which owes about Rs 12,000 crore to the lenders, has been moving between Ram Dev's Patanjali and Adani Wilmar
Essar Global says all overseas debt cleared; $1.75 billion paid to Indian, foreign banks
• 6 years agoEssar Global has now repaid about Rs 6,300 crore to ICICI Bank, Axis Bank, and Standard Chartered Bank. This repays entire Rs 31,500 crore of loans availed from these banks during 2008-14.
Standard Chartered Bank moves NCLT against CoC selecting ArcelorMittal for Essar Steel
• 6 years agoStandard Chartered Bank claimed that ArcelorMittal's revised bid of Rs 42,000 crore was never considered by the CoC.