Zero money flows throughout Corona time spark fireplace sale of India Inc’s belongings

2020/10 12 13:10

Not simply mid- and small-sized corporations, even large ones will both promote group corporations or stakes of their listed entities to tide over disaster; extra sell-offs seen in coming months

Matters
Indian corporations | India Inc | Money Movement



Dev Chatterjee  | 
Mumbai 

Hit by falling money flows and low demand, a number of Indian corporations are dialling their funding bankers to expedite the sale of belongings to be able to survive the Corona pandemic.

Excessive-debt corporations are particularly susceptible as their finance prices will stay excessive amid low money flows. CEOs say because the financial restoration seems to be unsure within the close to future and company revenues are anticipated to fall by one other 16 per cent within the present fiscal, asset gross sales by the Indian corporations will expedite. “It’s not solely the mid- and small-sized corporations, however even the large boys will both …




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First Revealed: Mon, October 12 2020. 18:49 IST




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