Page 2 - Mcleod Russel

Stocks to Watch: Central Bank, ITI, M&M, Yes Bank, SpiceJet, PEL, GPT Infra

Stocks to Watch Today: Central Bank of India has removed from the RBI's PCA framework after 5 years; SpiceJet places 80 pilots on leave without pay for three months.

McLeod Russel India lenders likely to discuss Carbon Resources proposal

The contours of the proposal are like this: of an outstanding bank debt of Rs 1,650 crore, the upfront payment being offered is Rs 1,245 crore

Top Headlines: Stricter framework for FPI owners, India Inc's capex, & more

The Securities and Exchange Board of India (Sebi) is mooting a stricter framework for identifying "beneficial owners (BOs)" of foreign portfolio investment (FPI) in the country

Stocks to Watch: IRCTC, McLeod Russel, Sugar, Adani Ports, Gail, Dish TV

Stocks to Watch Today: Oil related shares are likely to be in focus on Tuesday as the oil ministry sought a review of the windfall profit tax on domestically produced crude oil.

Takeover scare for McLeod Russel as Carbon Resources picks up over 5% stake

The would-be acquirer makes non-binding offer to banks to settle the bulk tea producer's dues

Indian tea companies smell opportunity as Sri Lanka crisis brews

Island nation largest orthodox tea supplier, exporting over 95% of its production, according to ICRA report

McLeod Russel reports Rs 44 crore consolidated net loss in Dec quarter

It had reported a net profit of Rs 1.04 crore in the year-ago period

McLeod Russel records 19.3% drop in net profit to Rs 122.62 crore

Revenues from operations stood at Rs 493.86 crore in the quarter compared to Rs 498.97 crore in the same period last year

McLeod Russel signs ICA with its banking lenders for debt resolution

Plan will have a mix of capital infusion by promoters and recast of balance debt. McLeod owes banks Rs 1,800 cr; with unpaid interest, the total is about Rs 2,300 cr

McLeod's return from brink of IBC signals a brief respite for tea industry

In an industry in which more than half the production is accounted for by the small growers, analysts believe that big players may help bring production and pricing discipline

With McLeod Russel out of CIRP, lenders may restart debt resolution process

Sources close to the development said, barring a few banks, most had signed intercreditor agreement

NCLAT admits McLeod promoter appeal, to decide on constitution of CoC

On August 6, the National Company Law Tribunal (NCLT) had admitted an application filed by Techno for initiating corporate insolvency resolution process (CIRP) against McLeod.

How group firm helped land India's largest tea producer in bankruptcy court

Some of the major buyers have privately ruled out bidding for the company

NCLT admits application for initiating CIRP against McLeod Russel

Once the world's largest tea producer, McLeod Russel, part of the Brij Mohan Khaitan group company, is now India's largest with about 31 estates

Low price denomination stocks dominate investor interest, shows data

Thirty-nine, including Subex, McLeod Russel, Jet Airways, Jain Irrigation Systems, and Sintex Plastics Technology, have surged more than 5x during this period

2 Williamson Magor Group companies in advanced talks to recast loans

Promoters are also exploring capital infusion into certain promoter group companies and monetisation of certain assets of the group

McLeod Russel pre-tax loss at Rs 94.9 cr in Q1 due to crop loss, lockdown

Total income for quarter down 28% at Rs 245.83 cr, net loss stood at Rs 90.52 cr as against a loss of Rs 11.64 cr a year ago

Tea stocks rally as prices surge amid supply disruption; should you buy?

Analysts remain cautious on tea-stocks as they believe the companies may witness lower growth in revenues due to loss in production.

Tea company McLeod Russel moves to settle debts as promoters reduce stake

Most lenders have agree that debt restructuring is right choice and not auction under insolvency for India's largest bulk tea producer

Khaitan holding dips in Eveready, McLeod Russel as IndusInd invokes shares

Dabur's Burman family emerges as largest shareholders in Eveready, with 19.84% stake