Indian Corporate Giants Play Hot Potato with Debt
Key Points
- Gensol Engineering is cutting debt through asset sales to im...
If debt was a dating app, some companies would be swiping right a bit too enthusiastically. Today's corporate finance saga brings us two Indian heavyweights with very different approaches to their financial relationships.
Debt Diet: One Company's Journey to Financial Fitness
Gensol Engineering is finally admitting it might have a slight spending problem. After getting the corporate equivalent of a stern talking-to from credit rating agencies Care and ICRA, the company is selling off 2,997 electric vehicles and an entire subsidiary. Think of it as a corporate garage sale, but with bigger t...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.