UPL's Advanta stake sale, coupled with an equity rights issue worth Rs 3,378 crore, positions the agrochemicals firm to raise a total of approximately Rs 5,500 crore. These funds may support the company’s expansion plans and deleveraging efforts.
India operations likely to remain the most profitable venture for Tata Steel, given the captive iron ore mines
Orbit Corporation feels that high interest costs have hurt the company's performance till now. The company will now focus on paring debt to reduce the interest costs going forward.
Shriram EPC is confident of a substantial reduction in its debt after it agreed to sell its holding in Sree Jayajothi Cements Ltd (SJCL) for Rs 1,400 crore.
Suzlon Energy's shares gained more than two percent Monday as the company plans to raise up to USD 400 million by selling 15 of its non-core assets.