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Top related persons:
Siddhi Nayak - 2 Adnan Abidi - 1 Jindal - 1 EoIs - 1 Sarita Chaganti Singh - 1 Devika - 1 lessors - 1 Whitney - 1
Top related locs:
India New Delhi Rights MUMBAI Bank BOB.NS Mumbai MUMBAI
Top related orgs:
Siddhi - 2 Thomson - 2 REUTERS - 1 Rights - 1 Jindal Power Ltd - 1 Jindal Power - 1 Go - 1 Central Bank of India - 1

Search resuls for: "EoIs"


4 mentions found


☆ India's Go First airline gets expression of interest from Jindal Power - sources
  + stars: | 2023-10-11 | by ( Siddhi Nayak | ) www.reuters.com   time to read: +2 min
REUTERS/Adnan Abidi/File Photo Acquire Licensing RightsMUMBAI, Oct 11 (Reuters) - Grounded Indian airline Go First has received an expression of interest (EoI) from Jindal Power Ltd, two banking sources and two people aware of the development told Reuters. "Jindal Power was the sole successful applicant whose expression of interest was accepted by banks," said a banker with a state-run bank that has exposure to Go First. Go First's resolution professional, who conducts the insolvency process, and Jindal Power did not immediately respond to Reuters requests for comment. However, the government amended its insolvency law earlier this month to exclude leased aircraft from assets that can be frozen, to bring India's bankruptcy laws into line with a treaty protecting the rights of foreign lessors. It is unclear whether the amended law would apply to Go First since its insolvency proceedings are still underway.
Persons: Adnan Abidi, Jindal, EoIs, Siddhi Nayak, Sarita Chaganti Singh, Devika Organizations: REUTERS, Rights, Jindal Power Ltd, Reuters, Jindal Power, Go, Central Bank of India, Bank of Baroda, IDBI Bank, Deutsche Bank, Aircraft, Siddhi, Thomson Locations: New Delhi, India, Rights MUMBAI, Bank, BOB.NS, Mumbai
☆ Go First gets claims worth $2.9 bln from creditors - sources
  + stars: | 2023-07-22 | by ( Siddhi Nayak | ) www.reuters.com   time to read: +2 min
MUMBAI, July 22 (Reuters) - Go Airlines (India) Ltd has received claims worth 240 billion rupees ($2.9 billion) from operational and financial creditors so far as part of the carrier's ongoing insolvency, two banking sources told Reuters. Once the claims are filed, the resolution professional has to check its authenticity. "Claims from the lenders are around 50 billion rupees, while lessors' claims amount to 180 billion rupees so far," a banker with a state-run bank, who has exposure to Go Airlines said, after a meeting of the committee of creditors on Friday. Go Airline's resolution professional has yet to verify the veracity of the claims and did not immediately respond to a Reuters' email seeking comment. The resolution professional is waiting for banks to disburse funds for which in-principal approval was given last month to resume operations, the banker said.
Persons: lessors, Whitney, Siddhi Nayak, Stephen Coates Organizations: Go Airlines, Reuters, Airbus, Raytheon, Airlines, Siddhi, Thomson Locations: MUMBAI, India
☆ India's Reliance, Adani among 49 bidders for debt-ridden Future Retail
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +1 min
Reliance Retail, part of Ambani's Reliance Industries Ltd (RELI.NS) as well as April Moon Retail Pvt Ltd, a joint venture between Flemingo group and Gautam Adani-led Adani Airport Holdings, have submitted expressions of interest (EoIs), an exchange filing by Future Retail showed. Other entities that have submitted EOIs include London-based retailer WH Smith (SMWH.L), a consortium led by U.S.-based restructuring firm Gordon Brothers, J.C. Flowers Asset Reconstruction, India's Jindal Power, and individual investor Harsha Vardhan Reddy. Reliance Retail, Jindal Power, J.C. Flowers, WH Smith and Gordon Brothers did not immediately respond to emails seeking comment.
☆ Reliance group, Adani bid for India's debt-ridden Future Retail
  + stars: | 2022-11-10 | by ( Nupur Anand | ) www.reuters.com   time to read: +2 min
[1/2] Labourers rest in front of an advertisement for Reliance Industries at a construction site in Mumbai, India, March 2, 2016. April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group, Reliance Retail ventures as well as 13 other firms have submitted expressions of interest (EOIs) for Future Retail. Future Retail's court-appointed resolution professional (RP), Reliance Industries and Adani group did not immediately respond to emails seeking comment. The deadline for submission of EOIs ended earlier this month for Future Group's flagship retail unit, Future Retail, which was once the country's second-largest retailer. Other entities that have submitted EOIs include Shalimar Corporation Ltd, Nalwa Steel & Power, United Biotech, WHSmith Travel, Capri Global Holdings.
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