Month: November 2019

Dharamshi & Jhunjhunwala-Led Consortium Declared Winner Of Ricoh India

The Mumbai bench of the National Company Law Tribunal( NCLT) has approved a resolution plan for Ricoh India Ltd. that was submitted by a consortium of two investors. Ricoh owes nearly Rs 2,519 crore to its financial and operational creditors, had filed a voluntary insolvency application in January 2018.

Source: Dharamshi & Jhunjhunwala-Led Consortium Declared Winner Of Ricoh India

Is Alibaba’s Hong Kong listing turning the tables in favour of Asia’s unicorns?

For years, Asia’s hottest unicorns left their homelands to list in New York for one simple reason: a deep pool of U.S. money.

Source: Is Alibaba’s Hong Kong listing turning the tables in favour of Asia’s unicorns?

Patanjali gets Rs 3,200 crore loan from banks to acquire Ruchi Soya

Patanjali Ayurved led by Baba Ramdev has announced of having received a loan worth Rs 3,200 crore from a consortium of lenders led by State Bank of India to fund its acquisition of Ruchi Soya through insolvency process.

Source: Patanjali gets Rs 3,200 crore loan from banks to acquire Ruchi Soya

With ‘Real Time Net Worth’ at $60.8 billion, Mukesh Ambani is the 9th richest person in the world

According to the latest Forbes ‘The Real-Time Billionaires List’, Reliance Industries Chairman Mukesh Ambani is the ninth richest person in the world.

Source: With ‘Real Time Net Worth’ at $60.8 billion, Mukesh Ambani is the 9th richest person in the world