Banks to rejig Jaiprakash Power Ventures’ debt

Banks to rejig Jaiprakash Power Ventures’ debt

Banks are close to restructuring the Rs 22,000-crore outstanding debt at Jaiprakash Power Ventures (JPVL) by finding a buyer for the cement grinding unit and transmission line, aiming to bring down the loans at the struggling power

SBI, Axis, IndusInd in race for IL&FS sec arm

SBI, Axis, IndusInd in race for IL&FS sec arm

SBI, Axis Bank and IndusInd Bank have emerged three key bidders for IL&FS Securities Services (ISSL) and ISSL Settlement & Transaction Services — the twin capital market arms of the beleaguered infrastructure and financing group.

NTPC signs Rs 5,000-crore term loan agreement with SBI

NTPC signs Rs 5,000-crore term loan agreement with SBI

India’s state-owned power generator, NTPC, today said it has signed a term loan agreement of Rs 5,000 crore with the State Bank of India (SBI). “This loan has a door-to-door tenure of 12 years and will be utilised to part finance the capital expenditure

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