Australian Steel Producer InfraBuild Faces ‘Imminent’ Default Risk, Fitch Says
Fitch Ratings downgraded InfraBuild Australia Pty Ltd. further into junk, saying it sees an “elevated” probability that the ...
Sanjeev Gupta’s InfraBuild reshuffles its debts to hold off default
The steel-making business said it would raise an extra $240 million from bondholders, already owed $880 million, and pay down ...
InfraBuild has struck an agreement to refinance $US150m in debt
Sanjeev Gupta’s InfraBuild has struck a debt restructuring deal with a majority of its bondholders and agreed to another ...
Fitch Ratings says Gupta’s InfraBuild faces default within months
The sprawling steel business is the British industrialist’s last good asset. The credit agency says a breach of its lending ...
Sanjeev Gupta’s InfraBuild has a high risk of default on $880m in debt, ratings agency Fitch says
A default over $US550m in debt owed by Sanjeev Gupta’s Australian steel products company InfraBuild “could be imminent” Fitch ...
Gupta fires back at private equity firm as InfraBuild sued
Sanjeev Gupta’s InfraBuild has attacked the Ben Brazil-led private equity firm FitzWalter over its ­demand for an immediate ...
Hidden gems: Raja Venkatraman recommends three stocks to buy today—26 March
As India's stock market undergoes active buying coupled with some short covering, Raja Venkatraman of NeoTrader recommends ...
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Sanjeev Gupta’s InfraBuild has a high risk of default on $880m in debt, ratings agency Fitch says
Sanjeev Gupta’s InfraBuild could default on $880m in debt imminently according to ratings agency Fitch, while cheap steel imports will put further pressure on profitability. Infrabuild and ...