HOW CORPORATES ARE DEALING WITH STRESS
TATA STEEL Increased liquidity levels to ₹20,000 crore-plus as contingency buffer
PIRAMAL ENTERPRISES Sold 20 per cent stake in pharma business, replacing short-term debt with long-term borrowings
GVK GROUP Sold stake in Mumbai International Airport to Adanis
ARVIND FASHIONS Sold part of stake to Walmart, raised money through rights issue and mobilised resources by transferring trading business of Flying Machine
TAJ GVK HOTELS No capex plan in FY21; deferred renovation-related expenses; reduced operating cost considerably
THOMAS COOK Scaled down marketing spends, renegotiated rentals and improved debtor management
WOCKHARDT Sold part of domestic branded formulations division to Dr. Reddy’s Laboratories Ltd for ₹1,850 crore.
GMR INFRASTRUCTURE Divested entire stake in Kakinada SEZ to Aurobindo Realty and Infrastructure
The only man who sticks closer to you in adversity than a friend is a creditor,” 62-year-old Harsh Goenka, Chairman of RPG Enterprises, quotes a famous line to describe the current predicament of corporate India whose debt in stressed sectors amounts to ₹37.72 lakh crore, nearly 38 per cent of all loans given by the banking sector.
هذه القصة مأخوذة من طبعة October 18, 2020 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 18, 2020 من Business Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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