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 ...
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 ...
Sanjeev Gupta’s InfraBuild delays accounts for third time in a month
Despite having circulated its unaudited half-year financial results to bondholders on March 3, it has repeatedly delayed a ...
Ben Brazil’s InfraBuild lawsuit spurious and illogical: Gupta
In response to a New York lawsuit, the British industrialist said bond agreements expressly allowed the use of company funds ...
PwC Fined Over Audit of Gupta’s Wyelands Bank by UK Watchdog
A UK watchdog fined PricewaterhouseCoopers LLP and one of its accountants over their flawed audit of Sanjeev Gupta’s Wyelands ...
PwC fined 4.5 million pounds for unsatisfactory audit of Sanjeev Gupta’s Wyelands Bank in 2019
One of the worlds’ largest consultancy firms has been fined 4.5 million pounds ($9.2 million AUD) for “serious failings” in ...
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 ...
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Sanjeev Gupta’s InfraBuild has a high risk of default on $880m in debt, ratings agency Fitch says
While Mr Gupta announced early this year that a deal had been agreed – but not signed – it is understood that this deal fell apart when the South Australian government pushed the steelworks ...