India Inc. leaner with Covid-19; net debt cut 30%, gross debt 17%
Nifty trading at 68% premium—highest in 10 years due to massive deleveraging
debt reduction
September 2021
August 2021
April 2020
August 2019
July 2019
February 2019
Massive debt reduction to support Hindalco’s global expansion
The non-ferrous metal producer plans to invest $3 billion in five years.
RIL Q4 net profit down 37%
Despite a weak business outlook, RIL looks well-poised to progress on its debt reduction plans with Jio Platforms likely to see another Facebook-like deal and a rights issue.
FACEBOOK AND JIO INK $5.7-BN DEAL
The mega deal will help RIL deleverage and expand its new commerce initiative, while giving Facebook, Instagram, and WhatsApp access to Jio’s 388 million users.
RIL sails in a sulking market
The Mukesh Ambani-led firm gains 9.72% a day after its AGM, while the benchmark Sensex plunges nearly 700 points
Promoters sell 11% in Zee to Invesco Oppenheimer
Announcement of the stake sale ends months of speculation regarding the suitor for Zee, and will help promoters deleverage the group’s balance sheet
Fortune India 500: Avoiding the debt protocol
The biggest reduction in debt came from companies trying to avoid the noose of bankruptcy proceedings,while oil companies cashed in on falling crude oil prices to reduce their burden.
