Abg Shipyard

The move to sell the land parcel comes after the group had previously indicated it was exploring various new business options for the shipyard, whose assets it had acquired forRs 659 crore in September 2022.

ED seizes Rs 5-crore worth cash, jewellery after fresh searches against ABG Shipyard

The searches were undertaken on November 24 at seven locations in Mumbai, Pune and Delhi.

India’s top 25 wilful defaulters owe about Rs 59,000 crore to banks, says Centre

Mehul Choksi promoted Gitanjali Gems Ltd is the top wilful defaulter with Rs 7,110 crore in dues

No PSB bank employees found involved in Rs 14,349 crore ABG Shipyard fraud case: FM Nirmala Sitharaman

ABG Shipyard was sanctioned loan under consortium arrangement led by ICICI Bank, and the account was declared as non-performing asset (NPA) by the lender banks in August 2013 and afterwards, Nirmala Sitharaman said in a written reply to the Rajya Sabha.

ABG Shipyard: Case of the ‘biggest banking fraud’ should be investigated by SFIO, not the CBI

As the SFIO cannot start an investigation suo moto, the Central Government must assign the investigation to the agency in the public interest. 

ABG Shipyard Case | CBI to question former CMD Rishi Aggarwal today

On February 7, 2022, the CBI had filed a first information report (FIR) against ABG Shipyard, the flagship firm of the ABG Group, some of its top executives, unknown public servants, and private persons, accusing them of abuse of official position, criminal conspiracy, cheating, and criminal breach of trust.

CBI questions ex-ABG Shipyard CMD Rishi Agarwal

The CBI swung into action after registering the FIR on February 7 on a complaint filed by SBI on August 25, 2020. The central probe agency has issued look out circulars against the accused in the case to prevent them from leaving the country, the officials said.

ABG Shipyard case another feather in Congress' cap of blatant corruption: BJP

BJP spokesperson Sudhanshu Trivedi said the Congress has exposed itself by linking, what its chief spokesperson Randeep Singh Surjewala called the "biggest bank fraud", with Prime Minister Narendra Modi-led government, as the probe has revealed the entire scam happened during the UPA dispensation.

CBI issues lookout notice against ABG Shipyard directors in Rs 23,000 crore bank fraud case

In its biggest bank fraud case, the CBI had on February 12 booked ABG Shipyard Ltd and its former chairman and managing director Rishi Kamlesh Agarwal along with others for allegedly cheating a consortium of banks led by the State Bank of India of over Rs 22,842 crore.

Criminal conspiracy, cheating, breach of trust and all that went wrong with ABG Shipyard

Once a famed private shipbuilder in the country, ABG Shipyard fell from grace due to bad market and financial irregularities.

SBI's statement on ABG Shipyard: No effort to delay recovery process

With ICICI bank being the consortium leader and IDBI bank in tow as the second lead, the formal complaint to CBI was lodged by the State Bank of India, given that it was the largest public service bank serving as a lender in the group.

AGB Shipyard’s Rs 14,000cr loan marked ‘fraud’ by ICICI Bank-led consortium

Among the lenders, SBI was the first to classify the account as ‘fraud’, followed by ICICI Bank and then IDBI Bank.

ABG Shipyard initiates liquidation process under IBC

ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC, 2016) as per the NCLT orders.

Market witnesses smart rally as realty, auto gain; 100 BSE stocks hit new 52-week low

The stocks that hit new 52-week low on the NSE were ABG Shipyard, Gayatri Highways, Punj Lloyd, IL&FS Transportation Networks, Nagarjuna Fertilizers, Raj Rayon Industries and Rolta India, among others

Fresh bids invited for ABG Shipyard under insolvency law

ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code(IBC, 2016) as per the orders of NCLT.

ABG Shipyard locked in upper circuit on buzz of buyout by UK firm

According to a media report, UK-based Liberty is said to be in talks with co for a complete buyout.

ABG Shipyard jumps 5% as Reliance Defence shows interest in buying assets

Reliance Defence has expressed its interest in buying 'agreed assets' of ABG Shipyard but it is not interested in buying equity stake in ABG.

ICICI Bank-led consortium to find buyer for ABG Shipyard

After invocation of SDR (Strategic Debt Restructuring) in October last year, a consortium of 22-lenders took control of 51 percent stake in the company, which has loan dues worth Rs 16,400 crore.

BSE to suspend trading in ABG Shipyard, Mandhana Ind, 2 others

Asia's oldest bourse BSE today said it will suspend trading in securities of four companies, including ABG Shipyard and Mandhana Industries, from March 27 as they failed to comply with certain listing regulations.

Stocks in news: Idea, Rel Cap, IDFC, Panacea, ICICI Pru, Cadila

Bharti Airtel | Idea Cellular | Hindustan Zinc | IDFC | Reliance Capital | Mercator | Panacea Biotec | ICICI Prudential | ABG Shipyard | Cadila Healthcare and Capital First are stocks, which are in the news today.

ABG Shipyard in talks with potential buyers

Amid reports that Reliance Defence, Shapoorji Pallonji Group and the UK's Liberty House Group have shown interest in buying ABG Shipyard, the debt-ridden company today said it is in discussions with various firms which may be prospective investor.

ABG Shipyard kicks off bid process to sell majority stake: Srcs

Lenders and promoters have kick-started the bid process to sell majority stake in the debt-laden ABG Shipyard, reports CNBC-TV18 quoting sources.

Top buzzing midcap stocks to trade on October 19

Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - BHEL, ITC, Havells, Garden Silk, Endurance Tech, ABG Shipyard, Cox & Kings and IGL.

Top buzzing midcap stocks to trade on October 5

Here are a few top buzzing midcap stocks picked-up by CNBC-TV18's analysts in trade today -- Bharat Forge, Adani Transmission, Sharda Cropchem, ABG Shipyard, and Vardhman Acrylics.

ICICI converts ABG debt into 11% stake; banks get majority: Srcs

Lenders to ABG Shipyard have become majority shareholders in the company despite failure to invoke strategic debt restructuring (SDR) where lenders can take 51 percent control, reports CNBC-TV18.