The cash infusion will help BILT Graphic reopen some of its units that were shut owing to a working capital shortage. Mint had reported in January that BILT Graphic was in talks with potential lenders to raise around Rs400 crore. As per its latest corporate filings, BILT Graphic had a consolidated debt of over Rs6,300 crore. While an email sent to Avantha Group remained unanswered till the time of going to press, an Edelweiss group spokesperson declined to comment. Edelweiss has acquired bad loans worth Rs5,000 crore of 14 companies at close to Rs2,200 crore, the person said.

Source: Mint April 09, 2017 20:37 UTC