Non Core Assets

DLF plans to reduce debt to Rs 12,000 cr by FY17 by selling non-core assets

Realty major DLF plans to reduce its debt to Rs 12,000-14,000 crore by FY17 through asset monetisation and increasing cash-flows from sales.

Suzlon to raise $400 mn by selling non-core assets

World's fifth largest wind turbine- maker Suzlon Energy is planning to raise up to $400 million by selling 15 of its non-core assets in a bid to partly retire the huge debt pile of nearly Rs 14,600 crore, a top company official has said.

L&T sells plastic machinery biz to Toshiba in restructuring drive

Continuing with the strategy of rationalising its portfolio by exiting non-core businesses, engineering major Larsen & Toubro (L&T) t has sold its entire stake in L&T Plastics Machinery (LTPML) to a Japanese company Toshiba

Is IT dept also eyeing stake in Kingfisher booty?

In an unexpected turn of events, the Income Tax department plans to stake claims on the proceeds from the sale of Kingfisher Airlines' non-core assets.