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HOLDCO DEBT RESTRUCTURING
Up to 450% gain in m-cap! Demerged cos unlock big gains for investorsInvestors have benefited significantly from companies that underwent demergers in the past year, with market values increasing by up to 450...
Pakistan approves plan to sell PIA airline on eve of electionPakistan's caretaker cabinet has granted approval for the privatisation of the financially struggling Pakistan International Airlines (PIA)...
Moody's downgrades rating on senior unsecured bonds issued by Vedanta ResourcesThe rating for the Corporate Family Rating (CFR) of Vedanta Resources was also downgraded to Caa3 from Caa2, Moody's said. Last week, Vedan...
Moody's downgrades Vedanta parent's CFR rating to Caa2 on elevated debt riskThe agency has also downgraded to Caa3 from earlier Caa2 its rating on the senior unsecured bonds issued by Vedanta Resources and those iss...
Vedanta Resources' bond restructuring plan faces resistance from investors seeking better termsInitial feedback from investors in Singapore and Hong Kong reveals discomfort with the proposed restructuring, raising the possibility of o...
US corporate bankruptcies at highest level since 2010There were 54 corporate bankruptcy petitions in April, down from 70 in March, S&P Global said. Still, the year-to-date count more than doub...
Shapoorji Group flagship's ratings downgraded by IcraThe delay in securing the requisite working capital limits, which has impacted the engineering, procurement and construction (EPC) operatio...
Our main focus is to strengthen our balance sheet: Saurabh Chawla, GMR InfraSo a merger of a private entity, a platform entity in the list is not restructuring as such. It is to make the whole corporate holding stru...
Lending unit of crypto firm Genesis files for US bankruptcyGenesis Global Capital, one of the largest crypto lenders, froze customer redemptions on November 16 after FTX stunned the financial world ...
Paytm loan to help fund Vijay Shekhar Sharma’s Raheja QBE dealAn early closure of the Paytm-Raheja QBE deal, which was announced nearly a year ago, is crucial for the Paytm IPO slated for November this...
We needed a strong financial partner who could do a deal quickly: GV Sanjay Reddy, GVK GroupWe are not in a position to infuse the required liquidity and any delay in implementing a solution would also severely impact the lenders t...
Stock Ideas: Emkay Global has buy rating on Reliance, target Rs 1,500Mostly due to Jio, the blended EV/EBITDA multiple has been raised from 7.5 times to 8.3 times and net debt reduced.
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...
- Moody's say restructuring "mild positive" for Vedanta
Global rating agency Moody's today said Vedanta's restructuring is "mild positive" for the metal and mining conglomerate as its debt burden...