Asset Monetisation

Asset Monetisation News

Centre may set up National Land Monetisation Corporation soon
India

Centre may set up National Land Monetisation Corporation soon

The new entity will work as an asset manager for lands owned by the Union government and central public sector enterprises, according to previous media reports.

Narendra Modi pitches for privatisation, assures govt commitment to asset monetisation
India

Narendra Modi pitches for privatisation, assures govt commitment to asset monetisation

The PM said around 100 under-utilised or un-utilised assets, such as airports, will be monetised to create Rs 2.5 lakh crore of investment opportunities

Nirmala Sitharaman's Budget 2020 measures too long-term, unlikely to bolster growth, meet targets in FY21: Crisil
Business

Nirmala Sitharaman's Budget 2020 measures too long-term, unlikely to bolster growth, meet targets in FY21: Crisil

Noting that the economy is facing its worst slowdown in over a decade, a CRISIL report has said this was because consumption and investment have stopped firing for too long

MTNL shareholders approve Rs 6,500-cr NCD issue, monetisation of land and buildings
Business

MTNL shareholders approve Rs 6,500-cr NCD issue, monetisation of land and buildings

State-owned MTNL on Thursday said that it has received shareholders' approval for raising up to Rs 6,500 crore through issuance of non-convertible debentures as well as for monetisation of land and buildings

MTNL starts Rs 23,000 cr asset monetisation; aims to turn profitable in next fiscal year: CMD Sunil Kumar
Business

MTNL starts Rs 23,000 cr asset monetisation; aims to turn profitable in next fiscal year: CMD Sunil Kumar

State-run telecom firm MTNL has started the process to monetise assets worth Rs 23,000 crore as it aims to turn profitable in the next fiscal year, a top official of the company said on Thursday

MTNL, BSNL employees threaten to go on nationwide strike; dues not paid for two months
Business

MTNL, BSNL employees threaten to go on nationwide strike; dues not paid for two months

Employees have been protesting outside the office of MTNL as their salaries haven't been paid for two months—August and September

DHFL expects lenders approval of resolution plan by month-end; private equity firms in talks with promoters for strategic stake
Business

DHFL expects lenders approval of resolution plan by month-end; private equity firms in talks with promoters for strategic stake

DHFL has received non-binding indicative term sheets as part of the proposed corporate restructuring of the company

Cox & Kings defaults on repayments on commercial papers fourth time in three weeks; shares at record low
Business

Cox & Kings defaults on repayments on commercial papers fourth time in three weeks; shares at record low

The first Cox & Kings default on commercial papers worth Rs 150 crore was declared on 27 June 2019, a day after the date of actual default

Cash-strapped IL&FS gets over 30 expressions of interests for sale of its domestic roads vertical
Business

Cash-strapped IL&FS gets over 30 expressions of interests for sale of its domestic roads vertical

Debt-ridden Infrastructure Leasing & Financial Services (IL&FS) on Thursday said it has received more than 30 expressions of interest (EOI) for acquiring its stakes in its 22 assets across its domestic road vertical as a part of its asset monetisation plan

ICRA downgrades Shapoorji Pallonji ratings on muted sales, weak performance in real estate biz
Business

ICRA downgrades Shapoorji Pallonji ratings on muted sales, weak performance in real estate biz

ICRA has downgraded the rating assigned to the Rs 18,500-crore fund-based and non-fund based bank facilities to AA from AA+

Sekura Energy to pick stake in 4 Essel transmission projects for undisclosed sum
Business

Sekura Energy to pick stake in 4 Essel transmission projects for undisclosed sum

Sekura is promoted by Edelweiss Infrastructure Yield Plus Fund and focuses solely on the power sector.

IL&FS crisis: Govt supercedes management; 6-member board appointed with Uday Kotak as chairman
Business

IL&FS crisis: Govt supercedes management; 6-member board appointed with Uday Kotak as chairman

The debt-laden IL&FS said on Saturday it is working on a detailed restructuring plan and will appoint Alvarez & Marshal to formulate a turnaround strategy.

Reliance Communications shares extend rally, zoom over 25% on revival plan announcement
Business

Reliance Communications shares extend rally, zoom over 25% on revival plan announcement

Shares of Reliance Communications (RCom) on Wednesday extended their previous session's rally, soaring over 25 percent, as investor sentiment remained buoyant following a revival plan announcement

Anil Ambani led RCom announces debt revival plan, ropes in new investor; shares up 35%
Business

Anil Ambani led RCom announces debt revival plan, ropes in new investor; shares up 35%

Announcing the resolution plan, company chairman Anil Ambani told reporters that the new plan has the support of a Chinese lender that had dragged it to the NCLT for dues running into $1.8 billion, and would see RCom bringing down its mountain of debt by Rs 25,000 crore.

Can AI be trusted when it can't keep its realty papers safe?
Business

Can AI be trusted when it can't keep its realty papers safe?

The asset monetisation plan may have to be placed on the back burner as the airline seems to have misplaced registration papers for at least 20 percent of its properties that were to be put on the block

Air India one step closer to asset monetisation plan
Business

Air India one step closer to asset monetisation plan

Air India's asset restructuring plan is ready to take off as the airline is close to appointing a global property consultant to help it raise over Rs 5,000 crore by selling and leasing its prime propertie