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Sinking feeling: Will GTL Infra take GTL down with it?
Shishir Asthana •The decline and fall of GTL Infra, a telecom towers company, due to excessive debt, is likely to impact its parent GTL too. GTL owns over a third of the former's equity, and has given guarantees on its behalf.
Lenders approve GTL's debt recast plan, stock up 11%
Fp Archives •Post the announcement, GTL stock is trading higher by 11.27 percent at Rs 71.
Why promoters with pledged shares are sitting ducks
Kelkar •Companies with high debt and promoters who have pledged too many shares with lenders are being ravaged by the markets. Is there something to panic about?
ICICI Bank seen taking 29.3% GTL stake after share pledge
Fp Archives •GTL's stock ended at Rs 68.2 on the Bombay Stock Exchange on Friday.