To be eligible, corporate buyers must have a minimum net worth of ₹150 crore as per the audited balance sheet as on 31 March, or later The proposed transaction will be managed by investment banking firms Arpwood Capital and JM Financial

Funded through a mix of debt and internal accruals, the deal will boost IndiGrid’s assets under management to about ₹12,300 cr

The last date to submit EoIs is 27 June, while the final list of prospective resolution applicants will be issued on 17 July Reliance Naval has defaulted on loans worth Rs9,492 crore, the company disclosed to stock exchanges in January

Many companies are going back to lenders to review their loan deals as they fear violation of some financial covenants

The city is already struggling with shortage of testing facilities and beds due to coronavirus and health problems that accompany the arrival of monsoon over the city will make the situation worse