Sanjeev Gupta’s InfraBuild reshuffles its debts to hold off default
The steel-making business said it would raise an extra $240 million from bondholders, already owed $880 million, and pay down ...
InfraBuild has struck an agreement to refinance $US150m in debt
Sanjeev Gupta’s InfraBuild has struck a debt restructuring deal with a majority of its bondholders and agreed to another ...
Fitch Ratings says Gupta’s InfraBuild faces default within months
The sprawling steel business is the British industrialist’s last good asset. The credit agency says a breach of its lending ...
Sanjeev Gupta’s InfraBuild has a high risk of default on $880m in debt, ratings agency Fitch says
A default over $US550m in debt owed by Sanjeev Gupta’s Australian steel products company InfraBuild “could be imminent” Fitch ...
Bank of England fines financier Jay Hambro
The Bank of England has fined banking dynasty scion Jay Hambro for his conduct during a stint as director of the Wyelands ...
Adelaide Now2d
Sanjeev Gupta’s InfraBuild has a high risk of default on $880m in debt, ratings agency Fitch says
Sanjeev Gupta’s InfraBuild could default on $880m in debt imminently according to ratings agency Fitch, while cheap steel imports will put further pressure on profitability. Infrabuild and ...
Financial Reporter2d
PRA fines banking NED £72,000 over conduct failures
Today’s announcement follows on from the PRA’s decisions in April 2023 to publicly censure Wyelands for significant ...