Saturday, September 29, 2018

ILFS appoints Alvarez and Marsal as specialist agency to develop debt restructuring plan

ILFS appoints Alvarez and Marsal as specialist agency to develop debt restructuring plan At the AGM, the company passed a resolution to raise capital through rights issue worth about Rs 4,500 crore, approach NCLT for asset sale resolution and get liquidity to repay debtors

from Moneycontrol Business News https://ift.tt/2zEsPeD

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...