Tag Archives: term debt

Aircel plans IPO (Initial Public Offer)

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Aircel has decided to raise $1.6 billion (Rs 6,400 crore) in short-term debt in a week and subsequently also come up with an initial public offer (IPO) in a year to fund its companies expansion plans.

Aircel, part of Maxis Communications Berhad, Malaysia, is India’s seventh largest GSM mobile service provider with a subscriber base of over 6.2 million (over 4 million in Chennai & Tamil Nadu alone) and the fastest growing mobile operator in the country.

ICRA assigns highest credit rating (A1+) to Tata Motors Finance

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Indian rating agency ICRA assigned highest credit quality rating (A1+) to Tata Motors Finance Ltd’s Rs 2,000 crore short term debt.

Earlier in this January ICRA had placed the company’s long-term and short-term ratings on negative watch.

Since Tata emerged as the preferred Jaguar and Land Rover acquisitions bidder, business and financial risk profile of the company is at high stake.