Debt Reduction

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.

Tata Steel: As visibility of UK profitability improves, is it time to add the stock?

India operations likely to remain the most profitable venture for Tata Steel, given the captive iron ore mines

Glenmark faces a tough choice in API unit stake sale

The API subsidiary Glenmark Life Sciences (GLS) is trading at undemanding valuations and is yet to reach its full potential

In its latest comeback, Suzlon tries to avoid past mistakes

The company plans to focus on India and quality orders, customers 

SAIL: Why we stay neutral on the stock

Recovery in steel prices and reduction in debt levels are critical to outperformance

Adani Ports aims to repay Rs 5,000 crore in debt by the end of 2023-24: Karan Adani

Adani Ports will also be looking to invest Rs 4,000-4,500 crore as capital expenditure in 2023-24, whole-time director and Chief Executive Officer Karan Adani said

FY23 a challenging year for debt reduction: Tata Steel

In July 2022, Tata Steel completed the acquisition of Neelachal Ispat for an aggregate consideration of Rs 12,100 crore.

UPL’s stake sales may yield limited gains in the near term

Analysts largely left earnings estimates unchanged as debt is expected to see limited reduction

Indiabulls Real Estate to use Rs 865 crore QIP proceeds for land acquisition, debt reduction

The Mumbai-based firm on March 7 had launched its QIP (Qualified Institutional Placement) issue and closed it on April 12.

Vedanta Resources Chairman Anil Agarwal confident of reducing debt by $4 billion in 3 years

''Our focus is on semiconductor ramp-up. We have a tie up with Foxconn and the semiconductor plant will commence operations in two years,'' said Anil Agarwal.

As GMR’s demerger nears, all eyes are on airports valuation

GMR Infra’s demerger plan has entered the final leg. Will a separate listing of its airport business unlock value for investors?

Apollo Hospitals launches Rs 1,000 crore QIP; aims for inorganic growth opportunities, debt reduction

APEL may use the raised funds to acquire a 50 percent stake in a joint venture, pare down debt from its balance sheet and invest in building digital capabilities.

Amtek Group stocks surge 3-11% following merger buzz

The Group in its Board Meeting last week is said to have decided to undertake restructuring. The group is reportedly planning to merge three firms and aims to cut debt by Rs 10,000 crore.

Will be doubling capacity by next year without debt: JSPL

Speaking to CNBC-TV18, Naveen Jindal, Chairman said with better results, improving EBITDA combined with blast furnace starting production the company is will see a big jump in debt reduction.

JSPL up over 1% on getting long term linkage from Coal India

The company received a long term coal linkage of 0.5 million tonnes per annum for the next five years, it told the exchanges on Monday. Stock has risen over 20 percent in the past one month.

Expect to sustain 15.3% EBITDA margin in FY17: Jindal Saw

Jindal Saw has halted all capital expenditure to focus on debt reduction, says Kumar. He expects long-term loans to reduce in the coming months.

Vodafone India may get $5 bn from UK parent: Sources

UK based telecom giant Vodafone Plc is expected to announce a huge fund infusion to the tune of USD 5 billion in its Indian arm, reports CNBC-TV18‘s Nisha poddar quoting sources.

Indiabulls Real Estate cuts debt by 16% to Rs 4,617 cr in FY16

Indiabulls Real Estate has reduced its net debt by 16 percent to Rs 4,617 crore during the last fiscal, helped by positive operating cash-flow.

Are you surrounded by big loans? Look for debt couseling

There are situations when one may find difficult to pay off his debt. Such a problem can be overcome with the help of a debt counseling agency.

Dishman Pharma confident of meeting revenue guidance: CMD

The company is on track to meet their revenue guidance for the year, said JR Vyas, CMD of Dishman Pharma.

Infra is picking up now; target 40% lower debt: Punj Lloyd

On reports of stake sales JP Chalasani, Managing Director & Group CEO of Punj Lloyd says the company is in the final talks for the divestment of 17 percent in Medanta Medicity and some of its overseas barges.

More asset sales by end FY13, macro hurting: JP Associates

Despite adversities, the company still managed to report a year-on-year growth in cement, Manoj Gaur of Jaiprakash Associates said. Yet, the outlook for the sector as a whoel remains challenging because of the oversupply situation he said.

Will cut Rs 250cr debt by Q4 via sale of 4 projects: Orbit

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.

Sree Jayajothi Cements sale to help cut debt: Shriram EPC

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 gains 2% on fund raising plans

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.