GMR Energy (GEL) and GMR Generation Assets (GGAL) - subsidiaries of the GMR Power - have agreed on a framework with Synergy Investments Holding to divest their respective stakes
Deleveraging will happen in the natural course, as soon as the company starts generating free cash flows in excess of what’s required, he said.
Mumbai based infrastructure player Unity Infraprojects is all set to monetise its land assets in Bengaluru to cut down on its debt and bid for EPC projects in future. CNBC-TV18‘s Navin Shetty gives more details about the company and its deleveraging plan.
Stating that it should never have been part of the Eurozone, Macquarie's managing director Viktor Shvets said that the best -- but an unlikely -- solution for debt-laden Greece would be let it exit the Eurozone and default.