REALLY BITES: BLOATED INDIAN COMPANIES HAVE TO SLIM DOWN
Economic growth is slowing and now Indian companies are waking up to too much debt and having a presence even if not a leading one in too many unrelated business segments. For example, Anil Ambani’s Reliance Group, which has over Rs 76,000 crore in debt between telecom and infrastructure, GMR Infrastructure has over Rs 43,000 crore and Jaypee group has around Rs 75,000 crore. They and many others – causing them to slim down and all equity sales.
- 15 Jan 2016