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Debt

DLF plans to reduce its debt to Rs 12,000-14,000 crore by FY17

DLF plans to reduce its debt to Rs 12,000-14,000 crore by FY17
On the sidelines of a realty industry function held recently in Mumbai, real estate bigwig DLF said that it has efforts underway to ensure that its debt is reduced to Rs 12,000-14,000 crore by FY17. The company had a debt of Rs 19,000 crore in FY14. For bringing down its debt by FY17, the realty [...] Continue Reading »

Indian companies selling assets to lessen debt

Indian companies selling assets to lessen debt
It has really been a very hectic week for the infrastructure sector. This started with an Rs 12,000-crore deal going through, and was accompanied in its wake by the buzz and promise of many more to come. The Delhi-based Jaypee Group has sold three hydropower plants to Anil Ambani’s Reliance Power, just a few days [...] Continue Reading »

HCC planning to repay debt by raising money

HCC planning to repay debt by raising money
Ajit Gulabchand who is the chairman and managing director at the Hindustan Construction Company is setting out a plan in order to raise Rs 1,500-2,000 crore to pay the debt and get the Mumbai-based construction and engineering company out of the corporate debt restricting the cell ahead of the schedule. He further stated that he [...] Continue Reading »

Banks to issue long-term local currency bonds: infrastructure projects and affordable housing to get new boost

Banks to issue long-term local currency bonds: infrastructure projects and affordable housing to get new boost
The global rating agency Moody in its report mentioned that the Reserve Bank of India (RBI) new regulations which were issued last week which allowed the banks to issue long-term local currency bonds are considered as ‘credit positive’. Moody’s vice-president SrikanthVadlamani and associate analyst Nick Caes giving further insight on this development mentioned that these [...] Continue Reading »

Suzlon to sell property of value Rs.1,000 crore

Suzlon to sell property of value Rs.1,000 crore
Mrs. Tulsi Tanti, managing director, says that the Suzlon Energy Ltd plans to raise Rs.1,000 crore by corporate debt restructuring (CDR) process that Suzlon started in January 2013. The company is also targeting to cut off operating expenses, staff costs and headcount by 20 percent, besides selling non-critical assets. As per the investor presentation, $400-500 [...] Continue Reading »

Rs 750 crore in ten weeks raised by IDFC Real Estate Yield Fund

Rs 750 crore in ten weeks raised by IDFC Real Estate Yield Fund
IDFC Real Estate Yield Fund has raised Rs 750 crore from domestic investors in ten weeks. This fund is a focused debt fund with a medium term horizon and has already committed Rs 123 crore across two residential projects in Pune and Bangalore. The fund is targeting residential projects which are under development across the [...] Continue Reading »

Requirement for houses decreased in third quarter

Requirement for houses decreased in third quarter
A report by Knight Frank says that due to the economic slowdown, the interest rates are increased, because of which the demand of residential property decreased. In the 3rd quarter of 2013-14 the sales of residential property decreased by 43 per cent to 11.8 million sq ft from 21.9 million sq. ft. The annual increase [...] Continue Reading »

Asset monetization gaining speed

Asset monetization gaining speed
The analysts are uncertain about monetization of the assets. The JP Associates has surprised the Street with over four asset monetisation (sale) deals over the past 12 months. Thanks to these deals, the company is able to reduce its debt by Rs 15,940 crore. Before this the JP associates announced a deal involving sale of its [...] Continue Reading »

Loan restructure to cross Rs 3 Lakh crore by the end of financial year

Loan restructure to cross Rs 3 Lakh crore by the end of financial year
Mr. Vishwanath Nair concluded in a report that the loans restructured by corporate debt restructuring (CDR) will cross Rs 3 lakh crore by the end of this financial year. The loan recast in the financial year 2014 have crossed Rs 70, 000 crore with restructuring requests for nearly to Rs 20, 000 crore having delayed [...] Continue Reading »

JAL to sell Bokaro cement unit share to Dalmia for Rs 690 crore

JAL to sell Bokaro cement unit share to Dalmia for Rs 690 crore
The Jaiprakash Associates group with a total debt of over R60, 000 crore, recently announced that they are going to sell 74 percent of its holding to Dalmia Bharat. The total amount collected by JP associates from this deal is around Rs 690 crore. It is concluded in a statement that the board of directors [...] Continue Reading »



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