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REFINANCING EFFORTS
Lending money to friends or relatives? Why guaranteeing loans and personal lending can put your finances, credit score, and goals at riskWhen a friend or a relative asks you for a personal loan, always seek time. There is no need to feel pressurised to respond immediately. So...
RBI pause now, tightening later: A delicate trade-off with rising tail risksIndia's economy faces testing times from rising oil prices and global uncertainty. While growth is solid, it is uneven and vulnerable. Infl...
Goswami Infratech plans to prepay part of its debtIn a strategic financial maneuver, Goswami Infratech is set to clear ₹562 crore of its debentures, reflecting the Shapoorji Pallonji Group'...
Mercantile Ports & Logistics starts legal action as refinancing talks failMercantile Ports & Logistics Ltd. has initiated legal action against a group of unidentified banks in India, alleging they failed to act fa...
End of the road for Good Glamm Group: lenders trigger asset breakup; brands up for sale individuallyThe Good Glamm Group will dissolve as lenders enforce charges on individual brands, leading to brand-by-brand sales. The company's restruct...
Vedanta has clear 3-year runway before it faces the debt wall: CreditSightsVedanta Resources secured a $300 million loan to refinance higher-interest bonds due in 2026 and 2028, reducing refinancing risk and intere...
Vedanta acting CFO Ajay Goel resigns, effective April 9Goel’s resignation comes at a time when Vedanta Group, led by Anil Agarwal, is struggling to deleverage its balance sheet, with credit rati...
Moody's downgrades Vedanta's ratings over likelyhood of 'payment default'"Ongoing delays in Vedanta Resources' refinancing efforts and its continued reliance on dividend receipts are depleting liquidity at its op...
Multibagger stock IRB Infra to raise Rs 700 crore via NCDThe NCD proceeds from refinancing would be utilized for part takeout financing of the existing project loans obtained and provide a signifi...
Large dividend from India unit boosts Vedanta Resources' refinancing efforts: Moody'sOn April 28, 2022, mining company Vedanta Ltd announced that its board of directors approved an interim dividend of Rs 11,710 crore (USD 1....
Liberty Steel rejigs UK business, eyes structured growthUK-based metal industry baron Sanjeev Gupta-led Liberty Steel has developed a new structure for its UK business that focuses on moving the ...
We're moving towards a restructured and focused business, says Liberty Steel's Sanjeev GuptaApart from initiatives to restructure, new business plans are being developed for the LSUK businesses which would allow the company to resu...
Sanjeev Gupta's Liberty Steel to sell UK plant in restructuring planGupta, who heads the wider Gupta Family Group (GFG) Alliance, and his newly-formed Restructuring and Transformation Committee held advanced...
Moody's downgrades Macrotech (Lodha) Developers to B3; outlook negativeThe outlook on all the ratings above is negative.
Dutch bank FMO provides refinancing line to Srei Equipment Financehe Kolkata-based firm finances or leases out equipment used for solar and wind power projects.
New ECB norms limit refinancing options: FitchEligible borrowers will now be allowed to raise up to $750 million per financial year without approval.
Mudra Bank may miss loans target amid weak demandIn the first six months MUDRA has sanctioned Rs 1000 crore under the refinancing scheme and tied up additional Rs 600 crore with a few bank...