Castex Technologies, a subsidiary of auto component major Amtek Auto, on Friday passed a resolution calling for the conversion of its $200 million foreign currency convertible bonds (FCCBs) into equity...
Lenders to the debt-ridden Binani Cement have restructured loans of Rs 3,000 crore, throwing in an additional term loan of Rs 300 crore, a public sector banker familiar with the development told FE, reports Pallavi Ail in Mum
In a deal being midwifed by a consortium of bankers led by IDBI Bank, Karnataka Power Corporation (KPCL) is close to buying out privately held power generator Surana Power (SPL).
With few takers for credit in a dull business environment, Syndicate Bank has undercut other lenders to edge itself into the consortium for Reliance Infrastructure’s Mumbai Metro project and head it.
Although Tata Power struck a deal with Indonesia-based PT Bumi Resources Tbk for the sale of 30% stake in PT Arutmin Indonesia in January 2014, falling prices of coal have stalled the transaction.
A prospective ‘strategic investor’ in the debt-ridden ABG Cement has indicated its willingness to acquire a stake in the firm, provided the loan account is upgraded from a non-performing asset (NPA) to a standard account.
Tata Power is close to tying up a refinancing facility under the 5/25 scheme for Rs 10,000 crore that it borrowed to set up the loss-making Mundra ultra mega power project...
The strategic debt restructuring (SDR) scheme has our approval and Sebi’s too, so lenders can now use it,” RBI governor Raghuram Rajan told FE in an interview on Wednesday.
Two years after the first restructuring of its debt, the Rajasthan State Electricity Board (RSEB) has asked banks to consider a second round of restructuring for a whopping Rs 55,000 crore.
