Latest News on Debt Restructuring
Showing of 0 - 10 from 27 results
Debt Restructuring - Total results - 27
Feb 14, 2019
Jet Airways board approves rescue deal to plug Rs 8,500-cr funding gap; lenders to become largest shareholdersJet Airways had a rough 2018 as competition intensified in the Indian airline market, the rupee depreciated and high oil prices squeezed margins.
Jan 04, 2019
Insolvency and Bankruptcy Code: Act has tightened slack loopholes; supporting institutions like NCLTs need of the hourWhat led to the inception of the IBC was a legal framework for insolvency and bankruptcy which was completely inadequate, ineffective, and plagued with delays
Aug 07, 2018
RCom announces tender and exchange offer for $300 million bond holders due 2020; proposes to buy notes at a discountRCom has also offered an option to exchange any or all existing notes due 2020 at a discount for $45 million zero-coupon notes due 2023.
Apr 04, 2018
ICICI Bank: Some borrowers get debt recast done by Chanda Kochhar's brother-in-law's firm AvistaICICI Bank on its part denied any conflict, saying it had not hired Avista Advisory Group run by Rajiv Kochhar, brother of Chanda Kochhar's husband Deepak, and did not pay any fee.
Dec 26, 2017
Reliance Communications shares zoom over 30% on debt reduction plan announcementReliance Communications has close to Rs 45,000 crore debt on its books in October 2017, Anil Ambani said
Aug 23, 2016
Piramal, Bain Capital join hands for distressed debt investingThe partners believe there is over an $1 billion investing opportunity in this space over the next few years
Mar 26, 2016
Essar Steel's growing woes: Now, the US subsidiary mandates advisers for debt restructuringThe company's US unit is in the final stages of building a $1.8 billion iron ore pellet plant in northern Minnesota
Feb 19, 2016
#NotEnough: Rising NPAs, opaque CDRs give govt's ease of doing business policies an uneasy twistCivil institutions like the RBI are entrusted with the responsibility of safeguarding India’s economic viability, and abdicating that responsibility endangers both national stability and national security
Nov 10, 2015
Rescuing state discoms: UDAY can indeed bring a new dawn; but will states let it rise?It will be interesting to see if state governments go beyond scoring political points and implement UDAY in spirit
Aug 06, 2015
What new debt recast numbers reveal: No more free lunch to crony promotersThe reduction in June CDR numbers no way indicates that the underlying stress in the books of banks have eased miraculously