| Log in

News Roundup: Aircel initiates talks to recast $4.43B loans

01 March, 2013

Aircel, which is majority owned by Malaysia’s Maxis Communications Bhd, has initiated informal talks with its bankers for restructuring its debt. The company has sought to change the terms of INR 23,000- 24,000 crore ($4.25 billion – $4.43 billion) of loans for which repayment starts in January. Aircel has sought extension of the term of the loan as well as permission to issue bonds, which will later converted into equity. (The Economic Times)

UT plans to sell its unit: UT Ltd. is looking to sell or transfer or otherwise dispose of Hosur unit, subject to the approval of banks and members of the company by way of postal ballot. The company has already received the approval from its board for the proposed sale. (BSE)

Adani Enterprises plans to sell stake: Adani Agro Pvt. Ltd. , which is a part of the promoter group of Adani Enterprises Ltd. is looking to sell stake in the company through a sale on the separate window provided by the BSE Ltd. for this purpose. The company would sell 8.5 million shares in the transaction. The Sale shall take place on the separate window of the Stock Exchange and shall commence on March 04, 2013. SIBCAP Securities Ltd. is the manager to the issue. (BSE)

Courtesy: VCCEdge 

 


Leave Your Comment
News Roundup: Baring Asia in talks to invest $240 million in Lafarge India

News Roundup: Baring Asia in talks to invest $240 million in Lafarge India

TEAM VCC 4 years ago
Private equity firm Baring Asia is in advanced talks with the Indian arm of...
News Roundup: Kotak Mahindra Bank, Saxo Bank looking to buy stake in Sharekhan

News Roundup: Kotak Mahindra Bank, Saxo Bank looking to buy stake in Sharekhan

TEAM VCC 5 years ago
Kotak Mahindra Bank and Danish online trader Saxo Bank are independently looking...
News Roundup: Shriram Transport Finance to borrow up to $499M via NCDs

News Roundup: Shriram Transport Finance to borrow up to $499M via NCDs

TEAM VCC 3 years ago
Shriram Transport Finance to borrow up to INR 3,000 cr via NCDs: Shriram...
No Comments

News Roundup: Aircel initiates talks to recast $4.43B loans

Powered by WordPress.com VIP