Suzlon says repaid FCCBs worth $28.8 millionSuzlon Energy said Thursday it has repaid in cash foreign currency convertible bonds worth Rs 28.8 million in principal
14 Apr, 2016, 06.45 PM IST
London Court asks Geodesic and Shiv-Vani Oil & Gas to clear duesIT firm Geodesic today said the London Court has directed it to pay Citibank a sum of $157.06 million (over Rs 976 crore).
20 Feb, 2014, 04.40 AM IST
Auditors red flag Suzlon's ability to generate adequate cashSuzlon, grappling with tough business conditions, posted a consolidated net loss of Rs 1,075.25 crore in the three months ended December 20...
16 Feb, 2014, 01.11 PM IST
Zenith promoters withdraw their appeal against winding-up orderPromoters of Zenith Infotech withdrew their appeal to SC against a Bombay HC order allowing winding up of Mumbai-based software firm.
01 Oct, 2013, 11.55 AM IST
- 67 per cent of FCCBs due for redemption in FY13 will default or restructure: Deep Mukherjee, India Ratings & Research
"Close to 2/3rds of FCCBs will default as these had relatively weaker credit profiles to start with even in the peak 2007-2008 period," say...
12 Nov, 2012, 05.23 PM IST
About 67 pc of FCCB due this fiscal likely to default: ReportAbout 67 pc of $1.51 billion-worth FCCB that are due for redemption in this fiscal may default or restructure by majority of issuers.
11 Nov, 2012, 11.11 AM IST
- Indian bonds yields flat ahead of Friday auction
Dealers say immediate cues awaited are Friday's auction demand and cutoffs when India will sell Rs 130 billion of bonds.
08 Nov, 2012, 04.47 PM IST
- Suzlon's FCCB Default: September quarter numbers may be disappointing
Another immediate concern for investors of the company is Suzlon Energy's dismal financial performance in the absence of adequate working c...
12 Oct, 2012, 06.00 AM IST
- Lenders consider Suzlon Energy's debt recast after it's FCCB rollover failure
On Thursday, Suzlon Energy said that bondholders have disagreed to rollover $220 FCCB for four months.
11 Oct, 2012, 06.43 PM IST
- Many Indian companies would have to restructure FCCB Bonds: S&P
The slump in stock markets globally and the fall in the value of the Indian rupee against the US dollar over the past two years are hurting...
21 Jun, 2012, 12.26 PM IST
- Fitch sees 20% of $7-bn FCCB redemptions failing this year
The report says of the 31 corporates in the 'likely to redeem' category, five are better-placed to redeem their FCCBs using a financing opt...
24 Feb, 2012, 10.40 PM IST
- Nearly 20% of $7-billion foreign currency convertible bonds face default risk this year, says Fitch
Nearly 20% of the $7-bn FCCBs face default risk this year as investors demand funds back due to languishing stock prices.
23 Feb, 2012, 10.36 AM IST
- Cranes Software faces Bank of New York Mellon's winding-up petition
After Wockhardt and Karur KCP Packagings, another Indian co is headed for a tussle with offshore investors holding FCCBs issued by it.
15 Jul, 2011, 08.41 AM IST
- FCCB repayments may test Indian cos
India Inc is bracing up for repayment of foreign currency convertible bonds (FCCBs) as they fast approach the maturity or conversion dates ...
25 Jan, 2011, 05.20 AM IST
- Wockhardt fails to reach a settlement with FCCB holders
Investors in the company's foreign currency convertible bonds told the Bombay High Court on Wednesday that they want to proceed with the wi...
29 Jul, 2010, 03.33 AM IST
- Hedge funds seek closure of Venus Remedies
US-based hedge funds DE Shaw and Citadel Investment Group have filed a winding-up petition against Venus Remedies, after the Chandigarh-bas...
10 Sep, 2009, 12.32 AM IST
- Banks to take FCCB defaults hit
Local companies beginning to default on payments to FCCB holders - an event which till the other day was considered only a distant possibil...
11 May, 2009, 02.54 AM IST