Rs 1.4 tn asset sales to cushion India Inc credit quality: CRISIL

Jul 07 2014, 13:00 IST
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CRISIL believes recent asset sales by domestic companies will support their credit profiles, because this has led to a substantial lowering of debt. Thinkstock CRISIL believes recent asset sales by domestic companies will support their credit profiles, because this has led to a substantial lowering of debt. Thinkstock
SummaryDeals worth Rs.600 billion seen this fiscal, after Rs.800 billion in the last 18 months: CRISIL

CRISIL believes recent asset sales by domestic companies will support their credit profiles, because this has led to a substantial lowering of debt.

In the past 18 months, 21 companies have announced 36 deals to divest assets and sell equity to strategic partners to raise Rs.800 billion -- which is nearly a fifth of their debt.

Expected policy reforms and a buoyant capital market should lead to more such transactions. Based on interactions, we expect companies to raise another Rs.600 billion at the very least in 2014-15. (Read full report)

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