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1 Bajaj Consumers gained 4 Company announced ebitda up 2.3 to Rs 62.4 crore and Ebitda margin at 27.5 from 27

1) Bajaj Consumers gained 4% - Company announced - ebitda up 2.3% to Rs 62.4 crore and Ebitda margin at 27.5% from 27.7% 2) Creditors to Jet Airways have approved a resolution plan which will give the country's oldest private carrier a new lease of life. The plan submitted by a consortium of London-based Kalrock Capital and UAE-based businessman Murari Lal Jalan comes after months of talks over the airline's future and was confirmed in the regulatory filing. Jet's gross debt likely to add up to Rs11,261 cr, this includes Rs7,251 crore from nine domestic lenders, another Rs4,000 crore of foreign borrowing and unpaid interest amount of Rs1,000 crore. The grounded airline had borrowed from public sector banks, including SBI and PNB along with private banks such as YES Bank and IDBI Bank. Of this, SBI has the maximum exposure of 27% (nearly Rs2000cr), followed by PNB at 24%, YES Bank at 12% and IDBI Bank at 10.4%.

Posted on : 19 Oct 2020 5:10 PM


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