Category: Business

DoT mulls Rs 13000 crore bailout package for debt-ridden BSNL – Business Standard 0

DoT mulls Rs 13000 crore bailout package for debt-ridden BSNL – Business Standard

The proposal includes a Rs 6,365 crore voluntary retirement package and 4G spectrum allotment through Rs 6,767 crore equity infusion and monetisation of real estate assets As state-owned Bharat Sanchar Nigam Ltd struggles to stay afloat amid a precarious debt situation, the Department of Telecommunications (DoT)is considering a bailout package worth over Rs 13,000 crore…

LMIRT to buy retail mall in West Jakarta for 3.7t rupiah – The Business Times 0

LMIRT to buy retail mall in West Jakarta for 3.7t rupiah – The Business Times

Tue, Mar 12, 2019 – 9:19 AM LIPPO Malls Indonesia Retail Trust (LMIRT) is looking to acquire Lippo Mall Puri in West Jakarta for 3.70 trillion rupiah (S$354.7 million), financed with a combination of debt and equity financing, the Reit’s (real estate investment trust) manager said in a regulatory filing. LMIRT Management, the Reit manager of…

CapitaLand’s first closing of property debt fund raises over 70% of US$750m target – The Business Times 0

CapitaLand’s first closing of property debt fund raises over 70% of US$750m target – The Business Times

Wed, Feb 27, 2019 – 8:56 AM CAPITALAND has announced the first closing of the group’s first discretionary real estate debt fund, with a target capital raise of US$750 million.  It has raised over 70 per cent of the capital, or US$556 million for the fund’s first closing, with subsequent commitments from major institutional investors expected…