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Haldia back in business, records 26% growth

Haldia Dock Complex (HDC) seems to have got over the crisis that it faced after ABG-HBT's exit in October, 2012....
Source : Times Of India |
Category : Business

India Ratings downgrades ABG Shipyard's NCD to default

Sudarshan Shreenivas, Associate Director, Corporate Group, India Ratings spoke about ABG Shipyard's rating downgrade....
Source : Moneycontrol |
Category : Business

ABG Shipyard's corporate debt restructuring fails to take off: report

A 22-member consortium of lenders, led by ICICI Bank, has failed to agree on a proposal by ABG Shipyard to recast its Rs 11,500-crore loan, a majority of which turned into dud assets on their books, sources said in Mumbai on Sunday."There was no consensus on the terms of the loan restructuring proposal from ABG Shipyard at the corporate debt restructuring cell meeting held last Friday," a senior official...
Source : Ndtv |
Category : Others

ABG Shipyard’s corporate debt restructuring plans fail

consortium of banks decided to keep the ABG package in abeyance till the company regularises its interest paymentsThe consortium of banks decided to keep the ABG package in abeyance till the company regularises its interest paymentssaid that banks were not sure about the promoter’s ability to bring in fresh equity contribution of around Rs.3 billion, the report added.The consortium has around Rs.26...
Source : Indiainfoline |
Category : Business

ABG Shipyard's Rs 11,150-crore CDR proposal delayed: report

Troubles of debt-laden ABG Shipyard will continue for a while as some of the 22 lenders have opposed the country's largest private shipbuilder's proposal to restructure its Rs 11,150-crore loan, according to banking sources."The Rs 11,150-crore CDR proposal of ABG Shipyard did not come up for consideration at yesterday's meeting as the proposal lacked the backing of the majority of lenders," a public...
Source : Ndtv |
Category : Others | City : Mumbai

Sanjay Dutt’s parole ends, returns to Pune Yerawada jail

parole ended onFriday. According to reports, Dutt did not seek any further extension as he hasexhausted his two legally permissible 30-day extensions under the prison rules.Dutt is serving a five-yearsentence of rigorous imprisonment for illegal possession and destruction of anAK-56 rifle before the March 12, 1993 Mumbai blasts in which more than 250people were killed and several hundreds were wou...
Source : Bollywood Mantra |
Category : Others

PM Lee hosts Brunei Sultan

AMPrime Minister Lee Hsien Loong hosted a dinner for Brunei Sultan Hassanal Bolkiah at the Istana yesterday. Also present were PM Lee's wife Ho Ching and the Sultan's wife Raja Isteri Pengiran Anak Hajah Saleha.    ...
Source : Straits Times |
Category : International

ABG Shipyard's Rs 11,000-crore corporate debt restructuring proposal cleared by banks

Shipyard's Rs 11,000-crore corporate debt restructuring proposal cleared by banksABG Shipyard, the largest private sector ship builder in India, has got a fresh lease of life with a 22-lender consortium clearing a Rs 11,000-crore corporate debt restructuring (CDR) proposal, which includes a fresh working capital loan of Rs 1,800 crore.This is the second largest CDR package in the history of India's...
Source : Ndtv |
Category : Others

Lenders fret about ABG Shipyard loans, but may still clear recast

More than a dozen lenders may on Friday sign on ABG Shipyard's Rs 11,500-crore loan restructuring amid worries among some lenders about promoter Agarwal's ability to invest Rs 300 crore in equity, and financial damage because of the guarantees the firm has provided, said three people familiar with the developments....
Source : Times Of India |
Category : Business

ABG Shipyard's Rs 11,000-crore corporate debt restructuring proposal cleared by banks

Shipyard, the largest private sector ship builder in India, has got a fresh lease of life with a 22-lender consortium clearing a Rs 11,000-crore corporate debt restructuring (CDR) proposal, which...
Source : Ndtv |
Category : Others
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