SP arm concealed ‘material info’ in IPO papers: Kenneth Andrade
Old Bridge Capital’s alternate investment fund was one of the investors in Sterling and Wilson IPO.
CreditAccess Grameen faces repayment trouble in coastal Karnataka
India's largest microfinance firm CreditAccess Grameen has reported 8% rise...
ITI Ltd to raise Rs 1,400 crore through FPO, use Rs 607 crore for loan repayment
The issue will open on January 24 and close on January 28, s...
Global stress funds lap up Reliance Capital debt on hopes of repayment
Secondary market discount narrows to 70% from 80% in Nov after Reliance Home Fin’s assurance on repaying retail debenture holders
Birla house can be sold to repay BPSL depositors’ dues: Court
Birla Power Solutions (BPSL) has allegedly defaulted on repayment of deposits it took between 2009 and 2013. The outstanding amount, according to the probe agencies, is estimated to be more than Rs 500 crore and both Birla and the company are being probed by agencies including the Mumbai Police.
Repayment rates for all our loan portfolios very healthy: Chandra Shekhar Ghosh, Bandhan Bank
I have not seen any impact of the slowdown at our rural centres
Should you take a loan to buy a big car?
Buying a big car requires a large investment. An expensive car means tying himself/herself to higher obligation of EMIs for a longer period, which can mean trouble. This is why one needs to evaluate whether he/she is comfortable with such a decision.
Peninsula Land aims to repay debt in 27-30 months
On a consolidated basis, the company’s debt level was at Rs 2,310 crore as on July 2019 including project-level debt. Currently, the company’s total debt including short-term and long-term facilities stand at Rs 1,630.65 crore.
SP Group repays Rs 750 crore more to Sterling and Wilson
The company has generated cash of Rs 408 crore through internal accruals.
Lenders in Assam may be staring at 8% irrevocable bad loans in state portfolio
The repayment crisis in upper part of the northeast state begun in November when protesters demanding ban against microfinance activities in the state. In December, repayment dropped further with protests against the Citizenship (Amendment) Act, 2019 impacting business across the state.
Prince Pipes’ promoters repay Rs 200 crore loan in escrow; no pledge or encumbrance on shares
Express Infra Projects had issued bonds aggregating up to Rs 200 crore, of which Rs 191.5 crore was outstanding as on October 31, 2019.
HDIL, its promoters have to repay loan to PMC Bank: HC
The court also said that the assets of HDIL and its promoters Rakesh Wadhawan and Sarang Wadhawan must be sold at the earliest in the interest of the PMC Bank and its depositors. A division bench of Justices Ranjit More and S P Tavade was hearing a PIL filed by an advocate, Sarosh Damania, seeking directions for expeditious disposal of HDIL Group assets.
Reliance Home Finance seeks lenders' nod to repay bondholders in January
The company owes Rs 91.78 crore, includes both principal and the interest, to 19,964 retail bondholders but is unable to pay because of a restraint placed by the lenders as it is undergoing is a bank-led resolution process.
Future Retail promoters repay Rs 1,500 crore debt, reduce pledge
Future Coupons, one of the promoter entities, plans to convert its 39.6 million warrants into equity of Future Retail by April, which will be the equivalent of a 7.3% stake in the flagship company. Amazon agreed to acquire a 49% stake in Future Coupons, with an option to buy the entire stake later.
Reliance Capital defaults on debt repayment
On November 15 as well, the company had defaulted on interest and principal obligations on bonds.
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