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HOLDCO GUARANTEES
Airtel Africa’s Dutch hold-company completes $550 million bond repaymentDuring Airtel Africa’s IPO back in June 2019, the (Airtel Africa) Group had $2,719 million of external debt at the HoldCo level, which had ...
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...
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...
Cash-strapped Vedanta closing in on $1.5-$2 billion fund from FarallonThe structure being worked out involves part of the funding, $800-$900 million against corporate guarantees of Vedanta Limited (VDL), Agarw...
Credit Suisse says won’t accept Adani bonds as collateralBond, equity markets react; Adani Group officials say no hold co guarantee on any loans. Leverage against Ambuja, ACC cash flows not linked...
Moody's downgrades outlook on Vedanta to 'negative', shares fall over 1%The continued delay in refinancing its upcoming debt maturities with long-term funding raises concerns over the company's liquidity managem...
RBI action against Reliance Capital: Better late than neverAs a practical matter, a company can't be referred to the National Company Law Tribunal (NCLT) within weeks and months of a first default. ...
India's IDBI Bank secures USD 239 million debt judgement in UK High CourtMumbai-headquartered IDBI had entered into loans totalling USD 148 million with two Singapore registered companies -- Varada Drilling One P...
Some Biyani lenders queer pitch, invoke share pledges before vote on Reliance Retail mergerIn constructive discussion with investors,says Future Group; 75% of shareholders present need to okay plan
Don't want to criticise past decisions...Will take tough calls: N Chandrasekaran, Chairman, Tata Sons"We have a strong brand, our domestic economy is very strong and demography is such that people will be spending more, said Tata boss."
GMR in talks with Paris Aéroport, ADIA, PSP, KKR to sell stake in Hyderabad airportAfter inducting a Malaysian strategic partner in its power vertical, GMR is carrying out a similar exercise for its airports business.