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Everstone to buy Mumbai-based chemical maker Calibre

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Everstone to buy Mumbai-based chemical maker Calibre

Mumbai: Singapore-headquartered private equity fund Everstone Capital will acquire a controlling stake in Calibre, the Mumbai-based specialty ingredients player focused on the pharmaceutical, nutritional and personal care segments, said a company statement. ET had first reported in November that Everstone Capital is in talks to acquire Calibre Chemicals in a deal that could value the … Read more

One-third of vulnerable medium, emerging companies may not get restructuring benefits: Ind-Ra

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One-third of vulnerable medium, emerging companies may not get restructuring benefits: Ind-Ra

MUMBAI: India Ratings and Research on Thursday said a third of the mid and emerging corporates (MEC) having turnover of under Rs 750 crore rated by it could be ineligible for restructuring loans despite being “vulnerable”. A weak cash flow recovery and stretched liquidity among such corporates which are rated below BBB can result in … Read more