Videocon’s 2020 dollar bonds crashed in May after a small Indian state-owned lender classified its exposure to the group as non-performing in the March quarter. Photo: MintHong Kong: Remember the price-to-truth ratio? Yes Bank Ltd, ICICI Bank Ltd and Axis Bank Ltd have recovered the bulk of their money. Even as the Jaiprakash chapter closes, the Videocon Group saga begins. Videocon’s 2020 dollar bonds crashed in May after a small Indian state-owned lender classified its exposure to the group as non-performing in the March quarter.

Source: Mint August 07, 2017 07:30 UTC