HDFC seeks RBI permission to classify some bonds under the infra category
Such a dispensation from the RBI would provide some breathing room to the merged entity on the maintenance of the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) on its infrastructure and affordable-housing loan portfolio.
Vedanta resources looks at refinancing, brand monetisation for debt repayments
To help tide over the repayment requirement, the percentage of royalty from Indian listed entity Vedanta Limited has increased from 2% to 3% starting this year. Also, Vedana Resources Ltd. (VRL) had informed investors earlier this month that it has entered into a similar royalty agreement with Hindustan Zinc and fixed the royalty percentage at […]
Reliance Power makes a higher offer to lenders for Vidarbha Industries
Reliance Power and CFM offered upfront cash, while NARCL’s offer is a combination of cash and security receipt. Early this month, CFM ARC improved its offer to `1,220 crore while Reliance Power made a revised offer of `1,260 crore. The offer by the promoter is backed by Varde Partners, which acquired a 15% equity stake […]