The GVK Group is taking a host of debt reduction measures even as it tries to look at growth options in the airports business.
These efforts are driven by an understanding that overleveraging limits options for growth as interest takes away a large chunk of what you earn. There is also the risk of cash flows not being enough to pay interest, increasing the risk of default and now, under the new Insolvency and Bankruptcy Code, bankruptcy as well.
While the debt reduction strategy is clearly working — the total group debt, 30,000 crore two years ago, is now close to 24,000 crore — so is the plan to sell some good assets and get a good number of stalled projects, especially in the power sector, going. But it’s not that simple.
Why Add Debt?
Bu hikaye Business Today dergisinin December 30, 2018 sayısından alınmıştır.
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Bu hikaye Business Today dergisinin December 30, 2018 sayısından alınmıştır.
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