Madhu Terdal, CFO of GMR Infra said that FCCBs will raise close to Rs 2,000 crore of which atleast Rs 1,500 crore will be used to service the corporate debt of the company.
Posts tagged MC
GMR Infra to raise funds via FCCBs to service debt (04-12-2015)
Zee Learn Vs Tree House: Who is the big fish? (04-12-2015)
“Board of directors of the company today has accorded in-principle approval for exploring consolidation options with Tree House,” says Umesh Pradhan, CFO of Zee Learn.
Govt not worried about fiscal deficit: Arun Jaitley (04-12-2015)
As regards the impact of the Pay Commission award to central government employees, Jaitley said the normal rule is that the expenditure on salary and pension should be 2.5 percent of the Gross Domestic Product.
Stake sale to Brookfield to make us cash surplus: Gammon (04-12-2015)
KK Mohanty, managing director, Gammon Infra says the company currently has a debt of Rs 4,000 crore. However, he hopes to be cash surplus post the 9 assets’ stake sale to Brookfield.
Rel Comm signs agreement to sell its tower unit Infratel (04-12-2015)
Anil Ambani’s Reliance Communication today informed the bourses its decision to sign non-binding agreement with Tillman and TPG to sell its tower unit Infratel for an enterprise value of Rs 22,000 crore.
Sebi mulls making e-book must for pvt placement debt issues (04-12-2015)
The proposals are aimed at improving the “efficiency, transparency of the price discovery mechanism and also reduction of cost and time taken for such issuance.”
Sensex, Nifty under pressure; RComm, Sun Pharma most active (04-12-2015)
Sun Pharma, Bharti Infratel, Reliance Communications, Jet Airways, Man Infra, Infosys and ITC were the most active shares on exchanges.
China hurting Indian metal cos; bullish wind power: Vedanta (04-12-2015)
Vedanta Group Chairman Anil Agarwal says China is dumping aluminium into India, and that the government needs to intervene to protect Indian metal companies from the indiscriminate dumping by Chinese companies.
No change on ground; topline still a concern: Century Ply (04-12-2015)
Sanjay Agarwal of Century Plyboard says though bottomline is better than last year, it is only because of costing and sourcing of cheaper raw materials. However, topline and capacity utilisation are still a matter of concern
Siddhivinayak temple examining gold scheme to tap idle gold (04-12-2015)
Reports say the government is trying to persuade rich temples to deposit some of their gold hoards with banks to revive a plan to recycle tonnes of the precious metal and cut gold imports.