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economy
Jaypee Infratech’s lenders discuss evaluation criteria for potential bidder

Lenders of debt-ridden Jaypee Infratech Tuesday held a meeting to discuss the expression of interest shown by five companies to takeover the realty firm and finalise the criteria for selecting potential bidders, sources said.The Committee of Creditors (CoC) would take a final call on the “evaluation metrics” for deciding potential bidders in its next meeting,…

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economy
Lodha puts London properties up for sale to bring down debt

MUMBAI: One of India’s largest realtors and probably the most aggressive one, Lodha Developers, is selling its London assets to prune borrowings.The Mumbai-based realty company is close to completing the formalities to sell its two residential projects in London — Lincoln Square on Carey Street and 1 Grosvenor Square in Mayfair — to an international…

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economy
Lodha Developers’ dollar bond yield surges in shallow market

ET Intelligence Group: The prices of dollar denominated bonds issued by Lodha Developers overseas have fallen sharply from $104.13 on August 29,2018 to $88.14 now. They now trade at 23 per cent yield-to-maturity (YTM), leaving markets wonder whether the international bond holders are contemplating stress in the company’s operations amid sluggishness in the Indian realty…

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