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DELEVERAGING PROGRAMME
Sammaan Capital to foray into high-yield loansThe development comes even as the non-banking financier pared down debt by paying off Asian credit company PAG's ₹1,500 crore last month. W...- Vedanta debt to be divided among demerged cos in ratio of assetsMining conglomerate Vedanta Ltd is on track for the demerger of its key businesses, including aluminium, into separate listed companies and...
- 5 Adani group stocks settle in positive territory; Ambuja Cements stock jumps 4.54%Five out of ten Adani group stocks ended positively on Tuesday after the conglomerate announced that it had repaid loans totalling $2.65bn ...
- Adani Group repays loans worth $2.65 billionThe prepaid loans include a margin-linked share-backed financing of $2.15 billion, which the company had paid off by March 12 before its Ma...
- Adani Group reaches out to CreditSights on debt concernsMore than a week ago, CreditSights said in a report that group entities, currently expanding, were "deeply overleveraged". The group's net ...
- HDFC Bank receives Rs 30,000 crore prepayments amid signs of economic recovery, deleveragingHDFC Bank, India’s most valuable lender, did not reply to ET's queries on the subject. Industry sources didn’t reveal the names of individu...
- Crisil upgrades rating on Tata Power NCDs, long-term bank facilitiesThe outlook on the rating has been revised to 'stable' from 'positive'. The rating on Tata Power's commercial paper programme has been reaf...
- Essar leads corporate deleveraging; pays off Rs 1.4 lakh crore: Prashant RuiaWhile the group deleveraged some of its assets, its flagship Essar Steel was dragged to bankruptcy proceedings by lenders over unpaid loans.
- Companies trading at values cheaper than assets, and still have no takersAbout a fifth of the stocks on the BSE 500 are trading below their book values.
- Non-steel repayments may soften bankers on Essar bidICICI Bank, Axis Bank, and Standard Chartered Bank, which had lent to Essar Global to fund expansion of the group’s businesses, have now be...
- Essar Global repays all debt to Indian and foreign lendersIn the last two years the group has returned more than Rs 1,37,000 crore of borrowings, mostly to the Indian banking system.
- Essar to deleverage Rs 1.25 lakh crore debt if its offer for Essar Steel is acceptedLast week, the Committee of Essar Steel Creditors picked ArcelorMittal's Rs 42,000 crore takeover offer.
- Ruias shave off 67 per cent of Rs 1.05 trillion group debt with EOL saleEssar Group founder Shashi Ruia said this landmark transaction and the resultant debt reduction usher in a new phase of growth across the g...
- This $13 billion deal will be one of the largest ever deleveraging in history of companies: Prashant Ruia"Everybody in the family as well as the rest of the group was also involved for more than two decades in the business," Essar Group Directo...
- Rosneft deal to halve debt exposure: Ruias to now focus on steel, ports businessRuia said the sale would allow the group to reduce the debt as well as provide funds to meet its portion of equity infusion when the Essar ...
- Fitch downgrades SAIL's credit profile to 'negative'Fitch said, it hopes SAIL to play a key role in government's plan to enhance India's steel capacity to 300 million tonnes (mt) by year 2025.
- China's fiscal deficit to be 2.7% of GDP, widest since 2009The Chinese government will pursue an expansionary fiscal policy to prevent its economy from stalling and win back a waning investor confid...
- Infrastructure firms lower targets as costs increaseInfrastructure firms, facing a slowdown in orders and rising interest costs in a fiercely competitive market, are scaling down targets.
- ICRA places long-term capitals of three ADAG firms under watchThe three companies are Reliance Communications, Reliance Telecom and Reliance Infratel, ICRA said in separate statements.
- Citigroup cancels Harvard, MIT student loansCitigroup is cancelling loan programmes that made it easier for international students at Harvard University, the Massachusetts Institute o...
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