Realty firm Lodha group's UK subsidiary on Thursday launched a $225 million-bond issue in the Singapore market to refinance part of its outstanding debt. The issue has been opened and the closing date will depend on market response, sources said. The bonds will be listed on Singapore exchanges. JP Morgan, UBS and CLSA are the merchant bankers for the issue. Lodha Developers International, a subsidiary of Mumbai-based Lodha Developers (which has been renamed Macrotech Developers), proposes to offer $225 million (around Rs 1,611 crore) aggregate principal of senior secured notes maturing in 2023. The company would use the proceeds of the issue to refinance a part of its outstanding $324 million (around Rs 2,320 crore) senior notes due to mature in 2020. "Earlier this week, we raised 86 million pound (Rs 800 crore) in the UK. With these proceeds and additional cash flows from our UK and India businesses, we look forward to fully repaying our 2020 $bonds in March 2020," said … [Read more...] about Lodha group’s UK arm launches $225-million bond issue
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"It's really heavy for me to even think about it. People are doing the right thing. They are being careful for themselves and others. I'm so touched actually to see how they haven't been out for weeks," The Hollywood Reporter quoted Liu as saying. "I'm really hoping for a miracle and that this will just be over soon," she said. … [Read more...] about Disney’s Mulan faces delay in China release, amid coronavirus outbreak, star Liu Yifei hopes for a ‘miracle’
Last month, Kevin Flynn got out of his office in Mumbai’s Bandra Kurla Complex, left behind the city’s sweltering heat and headed north, to embark on a long drive. The CEO of Fiat Chrysler Automobiles (FCA) India joined a group of 65 Jeep customers on a four-day adventure drive through Ladakh. “It was absolutely stunning. Amazing. The terrain, the mountain the colour, the smell and the feel … I was taken aback,” he says. Driving through the stark and treacherous terrain, the 59-year-old had an epiphany about a similarly challenging territory — the Indian automobile market. “Only very rarely in your life do you get a chance to dream something up from its embryonic state and make it happen,” he says, as his gaze scans the Mumbai skyline from the 16th floor office. He weighs his words before continuing. “I got a chance. This was one of my toughest challenges. It took me out of my comfort zone. And I made it happen. I have a … [Read more...] about Can Jeep Compass steer around Fiat’s fortunes in India?
The Inter student had committed suicide in the hostel bathroom and Chandrasekhar had lodged a complaint with BDL Banur police station alleging negligence of college management. Though she was suffering from fever for the past one week the college authorities failed to send her home or get her treated, he alleged. … [Read more...] about Video of police kicking suicide victim’s dad goes viral