Corporate Finance | Debt has truly become a four-letter word
Companies and promoters are doing all they can to lower debt to more sustainable levels. This has implications, mostly positive but some negative too
April 22, 2019 / 08:19 AM IST
Rightsizing debt levels has become a priority for Indian companies. Every other week, one hears about companies seeking to sell part of their business and use the money to lower debt. The Insolvency and Bankruptcy Code, warts and all, gets credit for this trend. The sight of some of India’s big names lined up to be sold under the resolution process has sent a tough message.
In FY19, till 28 February, claims amounting to Rs1.42lakh crore were admitted in the insolvency process,...