STRATEGIC DEBT RESTRUCTURING
Reports: Michael Jackson was deeply indebted when he died. Know about amount and reasons for his financial woes Michael Jackson's death in 2009 revealed his deep financial troubles, including over $500 million in debt. His extravagant lifestyle and legal battles worsened his situation.
28 Jun, 2024, 02.43 AM ISTNCLT approves Raymond group entities’ strategic demerger, amalgamation The National Company Law Tribunal (NCLT) has approved Raymond’s composite scheme of arrangement and restructuring, involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm. The approval paves the way for a fo...
23 Jun, 2024, 10.46 PM ISTVedanta sees sale of steel operations by October, to spend $1.9 billion on capex The plan to divest the steel business is a part of the company’s efforts to cut debt, Agarwal said in the company’s annual report for 2023-24 (Apr-Mar). At holding company Vedanta Resources, debt has been cut by $3.7 billion in two years, as against...
18 Jun, 2024, 10.21 PM IST- ADVERTISEMENT
Maldives gets IMF debt warning as more Chinese loans loom Maldives warned by IMF of 'debt distress' due to heavy borrowing from China. Urgent need to increase revenue, reduce spending, and limit external borrowing to avoid economic crisis amid high risks and dependence on Chinese funding.
13 May, 2024, 02.19 PM ISTIMF urges Pakistan to bring reforms to energy sector IMF presses Pakistan for energy reforms, debt targets, and subsidy cessation. Ongoing talks with IMF for a new loan program and budget plans to address financial challenges and stabilize the energy sector.
11 May, 2024, 08.44 PM ISTEV startup Fisker slashes prices of Ocean SUV amid debt troubles The company slashed the price tag of the entry level version - Ocean Sport - by around 36%, or $14,000, bringing it down to $24,999 from $38,999 earlier.
28 Mar, 2024, 10.20 AM ISTVedanta Resources to deleverage debt by USD 3 bn over 3 years The company recently divested a significant portion of its shares through its promoter entity Finsider International, and set the stage for strategic manoeuvring within the company.
03 Mar, 2024, 02.56 PM ISTNeoGrowth evaluates strategic deal as business becomes profitable The Mumbai-based NBFC has reported a net profit in the last fiscal after two years of losses, now its stakeholders are evaluating if they can exit on a high.
03 Oct, 2023, 08.42 PM ISTDemerger unlikely to benefit Vedanta stock in near term The natural resources major, last week, announced that it will demerge its existing business into six listed companies, aiming to build a simplified corporate structure, while boosting the valuations of the diversified businesses.
03 Oct, 2023, 06.14 AM ISTChina assures Sri Lanka of its help in addressing debt challenges before IMF's first review China has promised to help Sri Lanka address its debt challenges as the country needs to restructure its domestic and external debt, worth $41bn, before September in order to meet conditions for the International Monetary Fund’s (IMF) first review. ...
17 Aug, 2023, 02.02 PM ISTInfrastructure, energy and debt on agenda as Sri Lanka president arrives in India Sri Lankan President Ranil Wickremesinghe arrives in New Delhi on Thursday on a two-day visit hoping to strengthen economic ties between the South Asian countries. Strategically important energy, power and port projects will be discussed during his ...
20 Jul, 2023, 04.42 PM ISTAfcons begins IPO talks with banks A strategic sale of Afcons, an engineering, procurement and construction (EPC) company, is also one of the options on the table for which Middle East-based companies have been tapped, said the sources cited above.
21 Jun, 2023, 06.32 AM ISTShree Cement in talks for stake in Sanghi Cement Commercial terms could vary depending on the outcome of due diligence. The talks could end up being inconclusive. The EV of ₹6,000 crore includes debt of ₹1,800 crore. This places the equity value being discussed at ₹4,200 crore. At this valuation, ...
29 Apr, 2023, 12.21 AM ISTByju’s lenders seek $200 million prepayment over restructuring $1.2 billion loan Edtech company yet to agree to the clause; lenders also want fortnightly updates on firm’s cash position. Byju’s holds $650 million in overseas accounts and about Rs 1,500 crore in liquid funds in India
07 Apr, 2023, 12.31 PM ISTDebt by a thousand cuts: China is weaponising credit instruments to extract maximum strategic gain There is always a twist in the China playbook, which strengthens the suspicion of a larger political motive behind financial dealings. For instance, it has entered into a $1.5 billion currency swap arrangement with Sri Lanka, which technically swell...
20 Feb, 2023, 11.31 PM ISTAircel first to file for bankruptcy under RBI’s new norms The telecom company on Wednesday indicated that the decision by the RBI to do away with the various restructuring schemes triggered its move to file for bankruptcy protection.
01 Mar, 2018, 07.46 AM ISTAircel lenders led by SBI agree to restructure debt The banks will now take shares in Aircel to replace their loans and may recover their dues in an eventual sale of assets or of the company.
30 Jan, 2018, 09.04 AM ISTRCom says not making any payment to lenders for time being On October 30, RCom said that it plans to pay debt of 27,000 crore through asset monetisation, Rs 7,000 crore through equities and carry forward debt of Rs 6,000 crore to new business.
15 Nov, 2017, 08.40 PM ISTDifferences with lenders may hit RCom’s strategic debt restructuring plan At a recent meeting with lenders, the company sought approval for priority status to the loans it had raised from the promoter group, said those bankers.
12 Nov, 2017, 11.57 PM ISTReliance Communications says not paying interest or principal due to standstill pact According to a media report, the interest payment of about $9.75 million for Rcom's $300 million 6.50 percent notes maturing November 2020 was due on Monday.
06 Nov, 2017, 11.39 PM IST