news topics: corporate

We continue to believe that our settlement proposal of Rs 54,389 crore is the most compelling one available to Essar Steel creditors and fulfills the IBC’s declared overriding objective of value maximisation, which has been established time and again by courts at all levels. We are also confident of the legal validity of our said […]

Quote We continue to believe that our offer of Rs 54,389 crore is the most compelling proposal available to Essar Steel creditors. It seeks to repay all classes of creditors and fulfills the IBC’s overriding objective of value maximisation that has been established time and again by courts at all levels. We submitted the proposal […]

“The proposal made by Essar Steel shareholders provides for payment of a total of Rs 54,389 crores to various creditors, which exceeds the resolution plan currently approved by the creditors by more than Rs 12,000 crores. This proposal has been submitted under the recently introduced Section 12A of the IBC. Under the proposal made by […]

CNBC-TV18 Where he talks about deleveraging efforts and stepping into the future with a lighter balance sheet.

[tweet https://twitter.com/AGCNetworksLTD/status/1082966497683783680] Mumbai, India, 09 January 2019: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), the trusted go-to-technology-solution-integrator, today announced that its wholly-owned subsidiary has completed the acquisition of Black Box Corporation (NASDAQ: BBOX), a leading digital solutions provider in the US. The combination with Black Box will substantially strengthen AGC’s presence and offerings to 25+ […]

[tweet https://twitter.com/AGCNetworksLTD/status/1082966497683783680] Mumbai, India, 09 January 2019: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), the trusted go-to-technology-solution-integrator, today announced that its wholly-owned subsidiary has completed the acquisition of Black Box Corporation (NASDAQ: BBOX), a leading digital solutions provider in the US. The combination with Black Box will substantially strengthen AGC’s presence and offerings to 25+ […]

Mauritius and Mumbai, 7 January 2019: Essar Global Fund Ltd (Essar Global), the holding company of the Essar Group of companies, today reached yet another milestone in deleveraging by repaying the last tranche of debt of Rs 12,000 crore (US$1.75 billion) to its various Indian and foreign lenders. This is in addition to the Rs 30,000 […]

Mauritius and Mumbai, 7 January 2019: Essar Global Fund Ltd (Essar Global), the holding company of the Essar Group of companies, today reached yet another milestone in deleveraging by repaying the last tranche of debt of Rs 12,000 crore (US$1.75 billion) to its various Indian and foreign lenders. This is in addition to the Rs 30,000 […]

Mumbai, 14 November 2018: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), the trusted go-to Technology Integrator announced financial results for quarter ended 30 September, 2018. Consolidated Financial Highlights for the Quarter ended 30th September 2018 Rupees in Crores Particulars Q2 (FY 18-19) Q2 (FY 17-18) Comparison (YoY) H1 (FY 18-19) H1 (FY 17-18) Comparison […]

DALLAS, MUMBAI, SINGAPORE and PITTSBURGH, November 12, 2018: A wholly-owned subsidiary of global solutions integrator AGC Networks Ltd (BSE/NSE: AGCNET), AGC Networks Pte. Ltd. in Singapore and Black Box Corporation (NASDAQ:BBOX) announced today that they have entered into a definitive merger agreement under which AGC Singapore would acquire all the outstanding shares of Black Box for $1.08 […]