Isb Flunks In Corporate Finance Test

Outstanding debt over Rs 125 crore against net worth of Rs 73 crore in FY03

The Hyderabad-based Indian School of Business (ISB), promoted and backed by well-known corporates, foundations and individuals, is suffering from a debt overhang (poor debt : net worth ratio) with outstanding debt crossing Rs 125 crore against a net worth of Rs 73 crore at the end of fiscal 2003. In fact, ISB