Stressed infra doing distress sales

After holding on to their stressed assets for years, infrastructure companies have finally started selling out. It was the Rs. 3,800 cr JP – UltraTech deal last week, and more recently GMR Infrastructure announced that it has sold its majority … Continue reading

After Disinvesting in PSUs – Govt. looks to sell land to ease fiscal pressures

The Centre is ready with an ambitious plan to sell surplus government land to generate cash to ease financial pressures, as suggested by the Vijay Kelkar committee on fiscal consolidation. A Cabinet note prepared by the finance ministry within days … Continue reading