Category: Gvk Power

PSP Investments ties up with ADIA & NIIF to invest in GVK Airport Holdings Ltd

Source: economictimes.indiatimes.com Canada’s Public Sector Pension Investment Board (PSP Investments) is joining forces with the Abu Dhabi Investment Authority-National Investment and Infrastructure Fund consortium to buy 49% of GVK Airport Holdings Ltd for about Rs 6,000 crore, people directly involved in the deal said.  The deal will ringfence the business from Gautam Adani’s possible bid

India becomes investment darling for sovereign wealth and pension funds

Source: moneycontrol.com Sovereign wealth funds are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a growing middle class and reforms making it more enticing for foreigners to invest. Wealth and state pension funds are expanding their horizons to private markets, to complement an existing focus on stocks

Bank of Baroda puts bad loans worth over ₹9,000 crore on the block

Source:- thehindubusinessline.com Bank of Baroda   –  REUTERS As resolution through the insolvency courts keep getting delayed inordinately, the State-run Bank of Baroda has put on sale non-performing loans amounting to ₹9,060 crore, including two large accounts — Bhushan Power & Steel and Alok Industries which are undergoing a protracted insolvency process. While Bhushan Power & Steel

BoB puts Bhushan Power, 66 others accounts on block as NCLT process gets delayed

Source:- livemint.com TopicsBhushan Power & SteelBank of BarodaNCLT Mumbai: As resolution through the insolvency courts keep getting delayed inordinately, the state-run Bank of Baroda (BoB) has put on sale non-performing loans amounting to₹9,060 crore, including two large accounts – Bhushan Power & Steel and Alok Industries which are undergoing insolvency process but delayed. While Bhushan Power & Steel dues are