Asset Monetisation News
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.
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
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
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
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
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
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
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
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 has downgraded the rating assigned to the Rs 18,500-crore fund-based and non-fund based bank facilities to AA from AA+
Sekura is promoted by Edelweiss Infrastructure Yield Plus Fund and focuses solely on the power sector.
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.
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
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.
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'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