Srei Group

Meet the New Ambassador of India to Austria His Excellency Shri Rajiva Misra

Yesterday evening at the Indian Embassy in Vienna, Ambassador Misra has presented himself to the international public.

May 15, 2014

Austria: Options of Bad Bank for Hypo under Examination

Finance Minister Spindelegger intends to meet with experts to discuss options of a bad bank for Hypo Group Alpe Adria.

December 20, 2013

Hypo Group: Take-Over Almost Completed

British-Indian Anadi Financial Holding had to wait for months until the take-over of Austrian Hypo Group Alpe Adria was approved.

December 18, 2013

Hypo Group: Restraining Effect on Budget Consolidation

According to the EU’s autumn prognosis, nationalized Hypo Group and its liabilities running in the billions still have a restraining effect on the Austrian budget consolidation.

November 5, 2013

Hypo Group to be Renamed after Sale

After the closing of the sale future owner of Hypo Group Alpe Adria Sanjeev Kanoria from the UK with Indian origins intends to rename Hypo Group.

October 31, 2013

Austria: FMA Approves of Sale of Hypo Group

The Financial Market Authority has given green light for the selling of Austrian problem bank Hypo Alpe Adria to Indian Srei Group.

October 9, 2013

Hypo: New Risky Loan Agreements Even in 2012

According to the EU Commission, risky loans were granted by ailing Hypo Group even in 2012.

September 3, 2013

Austria: Kranebitter to Leave Hypo Group

After three and a half years, Gottwald Kranebitter steps back as CEO of nationalized Hypo Alpe Adria. Tax payers are left with a burden running in the billions in the years to come.

August 19, 2013

Hypo Group: Commisson Against Extension of Deadline

Austria will in all probability not be granted an extension of the deadline for the winding down of Hypo Alpe Adria. This was announced by EU Competition Commissioner Joaquin Almunia

June 26, 2013

Austria: Hypo Alpe Adria Group and Anadi Financial Holdings Pte. Ltd. Signed Deal

After a successful restructuring of the bank the signing is an important step towards the privatization of the banking institute.

May 31, 2013

Hypo: Contract Could Be Signed Today

Today the Austrian affiliate of Hypo Group could be transferred to the property of Indian Srei Group. The company is a fast-growing listed enterprise with around 30,000 clients.

May 31, 2013

Hypo Group to Sell Austrian Affiliate

On Friday the deal of nationalized Hypo Bank’s Austrian affiliate will finally be sealed. Indian Srei Group will become the new owner in all likelyhood. The company will pay € 60m to € 70m.

May 29, 2013

Austria: Faymann Positive About Extension for Hypo Group

Chancellor Werner Faymann presented himself restrained yet confident about the extension granted by the Commission regarding the deadline for the winding-down of Hypo Alpe Adria Group.

May 24, 2013

Nowotny: Decision About Bad Bank for Hypo Not Essential Right Now

The Governor of Austrian’s National Bank confirms that the result for the ailing Hypo Group will not be “good” due to the losses that have amounted over the past years.

May 23, 2013

Srei Group to Offer € 65.6m for Hypo

The Indian Srei Group offers € 65.5m for Austrian Hypo affiliate.

May 22, 2013

Austria: Preliminary Results on Hypo Group Expected Next Week

Hypo Group’s task force, appointed by the government, will present the preliminary corner marks next week.

May 17, 2013

Austria: New Bidder for Hypo Group

Apart from Indian Srei Group, a new interested party has entered the match for the ailing banking institute.

May 16, 2013