LANCO GROUP (L MADHUSUDAN RAO)
According to the reports, the Lanco group has the debt worth Rs. 47,000 crore and it is offering almost 50 percent of assets for sale worth Rs. 25,000 crore. The company has completed the sale of its Udupi plant for Rs 6,300 crore but the debt levels have continued to rise, @ 6 per cent. The group plans to sell power assets worth Rs 25,000 crore to de-leverage its balance sheet and retire debts of about Rs 18,000 crore. It is also planning to sell a one-third stake in the Australian coal mine it acquired in 2011 for $750 million. — NEXT PAGE —-