Apr 15, 2014 at 09:37 | Source: Moneycontrol.com
Rajvir Industries Ltd has informed that the Company, due to over all economic down turn is facing cash flow mis-match and accordingly has requested its lenders to re-align its present debt obligation in line with realistic cash flow in the future. The lenders are recommending realigning of debts through CDR mechanism.
Apr 10, 2014 at 21:36 | Source: PTI
The World Bank in a report released yesterday had said in India the problem is the banking sector's growing exposure to company debt. The fear is that this could ultimately affect the government's finances through its ownership of state banks and the need to prop up distressed but systemically important banks.
Apr 09, 2014 at 21:48 | Source: PTI
The World Bank report said in India the problem is the banking sector's growing exposure to company debt. The fear is that this could ultimately affect the government's finances through its ownership of state banks and the need to prop up distressed but systemically important banks, it added.
Apr 09, 2014 at 16:55 | Source: Moneycontrol.com
Investment in equity is riskier than investment in debt of a company for the investor. However, the same could be highly rewarding. Since the owner of equity also gets the share of profit, there could be an enormous upside. On the other hand, the debenture holder does not take the downside and hence there is no upside.
Apr 04, 2014 at 13:58 | Source: Reuters
Delays in getting road, rail and power projects approved have eaten into the cashflow of companies burdened by debts that are still rising, slowing capital expenditure to a trickle.
Apr 04, 2014 at 12:07 | Source: Moneycontrol.com
Consolidated Construction Consortium has informed that the Corporate Debt Restructuring proposal of the Company has been approved in the CDR EG meeting held on March 24, 2014. The Provisional Letter of Approval has been issued on March 28, 2014 by the CDR Cell.
Apr 04, 2014 at 09:50 | Source: Moneycontrol.com
Gammon India at its meeting held on April 03, 2014, has resolved to approach the CDR Lenders/Corporate Debt Restructuring Empowered Group for seeking its approval for issue of Zero Coupon Compulsorily Convertible Debentures for an amount not exceeding Rs 100 crore on preferential basis to Promoters/Entities.
Apr 03, 2014 at 11:56 | Source: CNBC-TV18
On whether the sale was done to lower debt levels, Ramesh Chandak, managing director, KEC International, says the company is comfortable with its book position, so the sale was not meant for debt reduction.
Apr 02, 2014 at 13:13 | Source: CNBC-TV18
After bagging the best fund house in the debt, equity and multi-asset category, Nimesh Shah, managing director & chief executive officer, ICICI prudential AMC, says the company has managed to consistently beat benchmark indices by being investor-centric and having a mix top down and bottom up approach.
Apr 01, 2014 at 10:57 | Source: Moneycontrol.com
ABG Shipyard has informed that the Finance and Operation Committee of Board in its meeting held on March 27, 2014, has accepted and taken on record the Letter of Approval dated March 27, 2014 issued by the Corporate Debt Restructuring Empowered Group approving the Corporate Debt Restructuring Package of the Company.