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FCCB LOAN BURDEN
Jaiprakash Power Ventures to exit insolvency processThe outstanding debt of the Jaiprakash Associates group company has reduced to less than Rs 6,000 crore, from more than Rs 11,000 crore, fo...
Sun Pharma says open to evaluating certain business transactions if investors not comfortable with themAs of now the company has not received any query from Sebi with regard to whistleblower complaint, Sun Pharma Founder and MD Dilip Shanghvi...
Rupee’s fall brings cheer to some, pain for othersExperts predict that the rupee may slip further in the days to come.
I have no intention to flee: Manoj Gaur, Executive Chairman & CEO, Jaypee Group"We are taking a detached view of our businesses and selling off whatever we can to raise funds. Our constant effort has been how not to gi...
Rebounding economy may send Sensex up to 31,000 by March: Experts at ET Pre-Budget Markets RoundtableA panel of top equity strategists and fund managers got together to discuss about India's stock market and how it is expected to get attrac...
Exposure to $100 billion unhedged foreign loans: How deep a trouble is India Inc in?The rupee’s depreciation will result in higher input costs as well as higher spend on the interest payment for foreign loans.
Suzlon eyes to raise $400 mn by selling 15 non-core assetsThe company has already initiated the process to sell stake in its wholly-owned Chinese subsidiary Suzlon Energy Tianjin.
- Suzlon repays $360 million FCCB
Suzlon Energy on Friday said that it has redeemed foreign currency convertible bonds liability worth $360 million by repaying in cash.
- Corporates given one more year to pre-pay foreign loans
The pre-payment of FCCBs "shall come into force with immediate effect and the entire process of buyback shall be completed before March 31,...
- Look beyond rate factor before investing in stocks
ET advises investors not to bet only on a likely interest rate cut by RBI, but to look at other parameters like foreign currency bonds and ...
- Rupee fall to increase FCCB repayment burden: Firstsource CEO
Every one Re 1 fall against the dollar will increase the FCCB loan burden on back office firm Firstsource Solutions by $ 3 million, its CEO...
- Won't need capital for 5 years if FCCB is approved: HD Khunteta, REC
In a chat with ET Now, HD Khunteta, Director Finance, REC, talks about REC's fund-raising plans and expectatrions from the forthcoming Unio...
- Foreign acquisitions, debt a scourge for cash-rich IT firms like 3i Infotech, Firstsource
Cash-rich tech firms stretched themselves too thin by going for overseas acquisitions funded through foreign debt. It is affecting their pr...
- India Inc looks at China as FCCB crisis looms large
Indian companies have begun exploring possibility of getting cheaper loans from China to meet their other costlier foreign borrowing obliga...
- India Inc's creditworthiness on test: Investors fear disputes as FCCB maturity looms
Shares of many companies are trading at a fraction of the price at which Foreign Currency Convertible Bonds are to be converted into shares.
- Era Infra expects 15%-20% growth for next two years: CFO
In an interview with ET Now, Joy Saxena, Group CFO, Era Infra Engineering Ltd, talks about the orders bokk of the company and its business ...
- 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 ...
- Wockhardt CDR plan may set precedent for debt recovery
Troubled pharma company Wockhardt’s corporate debt restructuring (CDR) plans that led to its overseas unsecured creditors taking the compan...
- FCCB redemption may add $3-bn burden on blue chips
What looked like cheap money during boom times may well turn out to be a very costly affair for Indian corporates, should the weakness in t...