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PFC LOANS TO ADANI
Cos binge on costly dollar loans, NBFCs lead chartIndian companies ramped up overseas borrowings in 2024, exceeding $32 billion by October, surpassing the total for 2023. Non-bank finance c...
PFC & REC see no impact on loans to Adani projectsIndian state-owned lenders PFC and REC express confidence in Adani Group project loans. Existing projects are largely operational, and loan...
Shapoorji Group in talks for Rs 8,000 crore raise via bondsPFC directors questioned the legal constraints on transferring Tata Sons shares in the event of a default. ET had earlier reported that Tat...
Shapoorji Pallonji taps Deutsche Bank, DAM Capital to raise Rs 3,000 crore from private credit fundsShapoorji Pallonji Group aims to raise Rs 3,000 crore via Deutsche Bank and DAM Capital to refinance debt from Ares SSG Capital and Farallo...
Power Finance Corporation board okays Rs 15,000 crore loan to Shapoorji Pallonji Group companiesThe board of Power Finance Corporation (PFC), a state-owned entity, has approved a loan of Rs 15,000 crore to companies within the Shapoorj...
PFC seeks legal view on Shapoorji Pallonji promoters' Rs 15,000 crore loan askState-owned Power Finance Corp (PFC) is seeking legal counsel regarding the approval of a ₹15,000 crore loan to the promoters of the Shapoo...
SBI to down-sell half of ₹11,000 crore loan to Adani's Ganga Expressway projectState Bank of India (SBI) is reportedly in advanced discussions to downsell half of its approximately ₹11,000-crore loan exposure to the Ad...
Adani, Jindal Power may join race for Hiranmaye Energy: SourcesAdani Power and Jindal Power are reportedly among the companies expected to express interest in the acquisition of Hiranmaye Energy, a ther...
Punjab & Sind Bank to sell two KSK loansThe lender is looking to recover over 50% from the sale. The bank has invited bids for a loan of ₹110 crore for KSK Mahanadi and ₹45 crore ...
PFC and REC ink Rs 5 lakh crore pacts with green companiesPFC signed pacts worth Rs 2.37 lakh crore with 20 companies in the clean energy space, the company said in a press release. REC, on the oth...
Power Finance Corporation to lend Rs 2.37 lakh crore to 20 clean energy projectsThese agreements -- part of the Maharatna company's plan to position itself as the focal funding agency for energy transition -- were signe...
Adani stocks in a far better place than they were few months ago: Chakri LokapriyaI think TVS Motors continues to look good and M&M, of course, is a sum of parts story. So, which means the list is quite big, but they all ...
PFC-REC's winning offer for Lanco unit runs into regulatory hurdlesDipam, which is in charge of state invested assets, is not comfortable with PFC and REC acquiring the power project through a joint venture...
Union Bank takes second shot at selling KSK Mahanadi loan accountThe bank has set a Rs 828 crore reserve price to sell the account, a 10% reduction from the Rs 919 crore reserve price set by the bank in A...
Is the government strategically manoeuvring the IBC?Strangely, post the announcement of Bad Bank, the National Company Law Tribunal (NCLT) benches have been staffed sub-optimally. Fewer judge...
Stocks in the news: Vodafone Idea, ITC, Quess Corp, IRB Infra and Adani PowerAllsec Technologies will merge with technology-enabled staffing and outsourcing services firm Quess Corp in an all-stock deal.
PFC, REC may bid for stressed assetsAnother official said the companies are considering partnering with other central power sector entities for technical know-how to run the a...
Adani Power is making a second attempt to acquire Chhattisgarh-based KSK Mahanadi PowerThe PFC-led consortium owns 80% in KSK Mahanadi Power after lenders converted a part of their Rs 21,000 crore of loans into equity.
Private power companies surge up to 10% on Rs 90,000 crore support for discomsPFC and REC will infuse liquidity in the discoms in two equal instalments.
PFC Q4 profit jumps over twofold to Rs 2,117 croreThe firm's total standalone income increased to Rs 7,702.64 crore in the March quarter.