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KDB LOANS
M&M faces hurdle in selling SsangYong Motor stake to US companyWhile Mahindra wants to sell its entire 75% stake in SsangYong Motor to the potential investor, Haah, a US automotive distributor, and some...28 Jan, 2021, 09.13 AM IST- SsangYong lender ready to help if M&M staysSouth Korea’s state-run Korean Development Bank (KDB) could play the peacemaker at cash strapped SsangYong Motor, which has filed for court...16 Jan, 2021, 07.58 AM IST
- M&M issued corporate guarantees to global creditors for SsangYong Motor CoThese agreements came to light after SsangYong filed an application on December 21 for commencement of rehabilitation procedures with the S...29 Dec, 2020, 07.36 AM IST
- Mahindra's South Korean arm SsangYong Motor files for bankruptcyMahindra & Mahindra-owned South Korean automaker SsangYong Motor filed for court receivership after defaulting on loans worth 90 billion wo...22 Dec, 2020, 08.27 AM IST
- Cash-strapped Korean automaker SsangYong Motor may default on KDB loans nowKDB may consider extending the maturity for these loans, but only on condition that SsangYong Motor, has cleared overdue loans to the forei...19 Dec, 2020, 07.28 AM IST
- SsangYong in deep crisis as auditor refuses to give opinion on H1 resultsMahindra-owned SsangYong Motors is in the midst of a severe crisis with their auditors Samjong KPMG refusing to deliver an 'opinion' on the...20 Aug, 2020, 01.28 PM IST
- M&M unit SsangYong on the lookout for a strategic investorThe development comes in the wake of calls from financial institutions to Mahindra to inject more funds into the South Korean firm, given i...27 Dec, 2019, 09.07 AM IST
- GM's subsidiary raises 412 mln dlrs through rights offerGeneral Motors has secured more than $400 million in new funds through a rights offering, but its US parent was the sole subscriber.23 Oct, 2009, 01.10 PM IST
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