Saturday, May 06, 2017

The Reserve Bank of India’s (RBI) has decided to clean up the balance sheets of Indian banks, which are collectively saddled with Rs five lakh crore of bad loans, by the end of this fiscal.

Biggest ever Sale of Indian Corporate Assets in Indian History.. The so called Suited Booted Sarkar has really booted the rear of the Corporates who borrowed easy Public Money during Congress rule to buy Assets for themselves..

Jindal Steels is selling 49% of its Rail business, 5% of its Energy exchange and its 3,500 MW Power plant..

Essar is selling a huge stake in its Steel business and 49% of its Oil to a Russian Oil business..

GVK sold 33% of its Bangalore Airport stake as well as its controlling stake in Bombay Airport and its complete Road assets..

DLF is selling its Saket Mall and 40% of all its Rental Assets and Land Assets..

GMR Highway Projects, South African Coal Mine, Istanbul Airport, 70% in a Singapore Power Project, 2 Coal Mines in Indonesia..

JP Group sold all its Cement Assets to Ultra Tech Cements..
Yamuna Expressway stake, Power to JSW Energy..

Tata is selling its Corus Steel in UK.. Dhamra Port, Communications Arm Neotel in South Africa.. Land in Bombay..

Lanco Assets in Power Generation on sale in Andhra and Udupi..

Videocon selling Telcom Spectrum in 6 circles.. Oil assets in Mozambique..

Renuka Sugars is selling its Brazil Power, Sugar and Bio-fuel business..

Sahara groups 86 Real Estate Assets are on sale.. 42% stake in Formula 1, Mumbai's Sahara Hotel, Grosvernor House Hotel London, New York Plaza Hotel, The Dream New York Hotel and 4 Airplanes..

Nearly all of Vijay Mallya's Assets are on Sale..

Reliance Infrastructure is selling 49% in Electricity Generation, Transmission in Mumbai..
Cement business to Birla Corp.. Also it's entire Portfolio of Road Projects, 100% of it..

Have you heard in 60 years any Indian Promoter selling their Company to repay Bank Loans.!?

Now you know who is cracking the Whip .👏

http://www.thehindu.com/business/Industry/the-biggestever-fire-sale-of-indian-corporate-assets-has-begun-to-tide-over-bad-loans-crisis/article8573163.ece

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