Saturday 14th September 2019,
Radio Metta

assets

IL&FS likely to sell its headquarters, non-core real estate assets to reduce debt, says report

IL&FS likely to sell its headquarters, non-core real estate assets to reduce debt, says report

Crisis-ridden Infrastructure Leasing and Financial Services (IL&FS) is planning to sell its Mumbai headquarters, along with other non-core real estate assets, in order to raise up to Rs 6,000 crore to reduce debt, reported The Economic Times. The move comes as the firm tries to reduce close to Rs 94,000 crore debt and improve cash position, [...]

June 2, 2019 Loknath Das Real Estate Comments Off on IL&FS likely to sell its headquarters, non-core real estate assets to reduce debt, says report

Banks eyeing ‘resolution’ of Rs.1.5 lakh cr. stressed assets

Banks eyeing ‘resolution’ of Rs.1.5 lakh cr. stressed assets

Enthused by speedy recovery of loans worth $2.5 billion by three lenders, including ICICI Bank, within days of a mega $13-billion Essar deal, banks are now looking at the resolution of stressed assets totalling about 1.50 lakh crore in the coming months. Having broadly completed the first two stages of ‘recognising’ the stressed assets and [...]

October 24, 2016 Saheli Business Comments Off on Banks eyeing ‘resolution’ of Rs.1.5 lakh cr. stressed assets

India, US sign important agreement to share military assets, bases

India, US sign important agreement to share military assets, bases

India and the US on Monday signed an important agreement that will make the two nations logistical allies and enable both the militaries to use each other’s assets and bases for repair and replenishment of supplies. Welcoming the signing of the bilateral ‘Logistics Exchange Memorandum of Agreement’ (LEMOA), Defence Minister Manohar Parrikar and US Defence [...]

August 30, 2016 Saheli News Comments Off on India, US sign important agreement to share military assets, bases

Exclusive: Chevron seeks buyers for Myanmar gas assets worth $1.3 billion – sources

Exclusive: Chevron seeks buyers for Myanmar gas assets worth $1.3 billion – sources

U.S. oil and gas major Chevron Corp has put its Myanmar gas block stakes worth an estimated $1.3 billion up for sale, banking sources familiar with the matter said, in what would mark the biggest M&A transaction involving the country’s assets. The sale is part of Chevron’s efforts to preserve cash and retreat from non-core [...]

April 18, 2016 Saheli Business Comments Off on Exclusive: Chevron seeks buyers for Myanmar gas assets worth $1.3 billion – sources

ED attaches assets worth Rs. 53 crore in NPA case

ED attaches assets worth Rs. 53 crore in NPA case

The Enforcement Directorate has provisionally attached assets worth Rs. 53 crore in connection with the ongoing investigation into allegations of money laundering of about Rs.2,330 crore funds procured from nationalised banks by Surya Vinayak Industries Limited (SVIL) and its sister concern. Those named as accused are Surya Vinayak Industries, its nine directors, Surya Vinayak Hospitalities [...]

April 7, 2016 Saheli News Comments Off on ED attaches assets worth Rs. 53 crore in NPA case