Debt Restructuring

Argentina, Brazil, France, and Mexico only sent junior-level officials, while German and British ministers did not attend the meeting (although Germany's central bank chief Joachim Nagel was present), sources said.

Zambia poised for debt restructuring deal: Report

The head of the Paris Club of creditor nations Emmanuel Moulin said on Wednesday that Zambia's creditors were close to being able to propose the terms of a debt restructuring deal at the summit.

How financing of low-income countries could be the next flash point between China and the West

With the global economy fracturing, it’s hard to see trust between China and other creditors improving, economist William Jackson has said

Sri Lanka has 'successfully' completed debt restructuring talks with India: President Ranil Wickremesinghe

The IMF bailout has been put on a halt as Sri Lanka pursues talks with creditors to meet the global lender's condition for the facility.

Sri Lankan prez hopeful of successful debt restructuring talks with India and China

Wickremesinghe said Sri Lanka's economy needed major reforms to wriggle out of the current economic crisis, the worst since 1948.

US to participate in Sri Lanka's debt restructuring

US Treasury Secretary Janet Yellen informed Sri Lankan President Ranil Wickremesinghe that the US as a creditor country would participate in the country's debt restructuring.

Few takers for one-time COVID debt restructuring: CRISIL

Improving business sentiment and ongoing, gradual recovery have minimised the need for restructuring, the agency said.

CM asks Centre to expedite debt restructuring package for TN sugar mills

Listing out steps needed for the beleaguered sugar sector, he flagged the restructuring of loans availed from banks and financial institutions by the sugar industry and the Sugar Development Fund loans secured by private and cooperative mills.

Euro zone to make public debt restructuring easier by 2022

New rules on so-called single limb Collective Action Clauses will be introduced by 2022, Centeno said after a meeting of euro zone finance ministers in Brussels.

COAI says debt restructuring, cut in levies must to alleviate telecom stress

The COAI's comments assume significance given that hectic parleys continue between the government and industry over liquidity concerns in telecom sector, with Vodafone Idea Chairman Kumar Mangalam Birla Thursday holding another round of discussion with Telecom Secretary Aruna Sundararajan.

Bhushan Steel may not qualify for RBI's S4A; banks mull deep restructuring

Bankers to Bhushan Steel told CNBC-TV18 the company may not qualify for the Reserve Bank of India's Scheme for Sustainable Structuring of Stressed Assets (S4A).

Could debt restructure be on cards for sugar cos?

The sugar mills are undergoing tremendous stress due to lack of capacity utilisation as a result of lack of sugarcane to crush.

For Air India, debt restructuring is need of the hour: MD

In an interview with Livemint, Chairman and Managing Director Ashwani Lohani says that apart from debt of Rs 51,000 crore as on March 31, Air India‘s cost of servicing the debt itself is Rs 4,000 crore every year.

It's wrong to paint all promoters with the same brush: Piramal

Ajay Piramal, Chairman of Piramal Group, said the success of S4A depends on the company and its promoters.

On cards: A Rs 13,200cr restructuring for Gayatri-Sembcorp JVs

Quoting sources, Navin Shetty of CNBC-TV18 reported that the companies plan to restructure debt of Rs 13,200 crore through the 5:25 route for Thermal Powertech Corporation and Sembcorp Gayatri Projects in Nellore.

May sell 35% stake in Orissa mine to Bhushan: Monnet Ispat

Monnet Ispat is in discussion with Bhushan Steel to sell its entire 35 percent stake in Orissa Sponge Iron & Steel Ltd (OSISL), which owns iron ore reserves in the Odisha, Monnet's Group CFO Ajay Bhat told CNBC-TV18.

Hindalco gears up for mega debt restructuring

CNBC-TV18 learns from sources that over the next one year Hindalco seeks to restructure its debt of Rs 63,000 crore in three phases.

Crisil warns money squeeze to worsen asset quality of banks

In an interview to CNBC-TV18, Ramraj Pai, President, Crisil Rating spoke about how liquidity squeeze heightens corporate India‘s vulnerability and stressful increase in various sectors like power, construction, engineering and steel and as result of that the non performing assets picture for banks will worsen.

Lanco in talks to restructure $1.5 bn debt - paper

Lanco Infratech has started a discussion with bankers a restruture debt worth Rs 90 billion as a weak economy takes a toll.

Elder Pharma board approves business restructuring

The board of drug maker Elder Pharmaceuticals approved the restructuring of the company's business by raising capital, hiving off assets or through strategic options to reduce debt.

Suzlon Energy appoints Amit Agarwal as CFO

Wind Turbine maker Suzlon Energy has appointed Amit Agarwal as its new chief financial officer.

Gammon India board to begin talks to restructure debt

The board of construction and engineering company Gammon India has agreed to begin talks with lenders to restructure the company's debt through the corporate debt restructuring process, it said in a statement late on Wednesday.

Suzlon says reaches deal to restructure $1.8bn debt

Lenders to Suzlon Energy Ltd have approved the wind turbine maker's corporate debt restructuring plan for USD 1.8 billion, the company said on Thursday.

Suzlon promoter sells 2% stake to facilitate CDR, shrs fall

The promoters of Suzlon Energy, led by chairman Tulsi Tanti, on Wednesday sold 3.75 crore shares amounting to about 2.11 percent stake in the wind turbine maker for Rs 63 crore. This stake sale is to facilitate its corporate debt restructuring admitted by banks last month.

Concern remains on GMR; enter Suzlon for long-term: Tulsian

In an interview to CNBC-TV18, SP Tulsian of sptulsian.com recommends Suzlon Energy to long-term traders. He says the news of Suzlon Energy's debt restructuring is actually positive news for the stock