Spanish bank Santander, Schema-Root news schema-root.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from schema-root.org Daily Mail and Mail on Sunday newspapers.
Foreign institutional investors offloaded shares worth Rs 12.43 crore, while domestic institutional investors bought Rs 402.69 crore worth of stocks on November 3, provisional data from the National Stock Exchange showed.
The Indian conglomerate is nearing a deal after weeks of negotiations with lenders, including Cerberus Capital Management LP, Davidson Kempner Capital Management LP, Varde Partners Inc., and Ares SSG Capital Management Ltd., according to people familiar with the matter, who asked not to be named because the matter is private.
The conglomerate has bond repayments of $3.2 billion coming up over the next two years. About $2 billion worth of bonds are slated for redemption in 2024 half of which are due as early as January and another $1.2 billion in 2025