| Author | Message | ||
     Tilak Side Hero Username: Tilak Post Number: 6888 Registered: 02-2012 Posted From: 125.22.249.81 Rating: N/A |
alage undi .. monnatiki monna Vijay mallya gadu vadiki oka 7000 crs appu ni "restructure/write off" cheyinchukunnadu .. evadi abba sommu ani write off chesaro telidu .. India must conquer the World and nothing less than that is my ideal - Swami Vivekananda | ||
| Time_pass Side Hero Username: Time_pass Post Number: 4042 Registered: 06-2008 Posted From: 136.174.187.5 Rating: N/A |
// bokkalo banks .. middle class vadiki loan ivvalante 100 sarlu tippinchukuntaru .. mari ee bokesh gallaki ela icharu ra annesi loans? // Tikkavaravu vaaru baa licking kada Madam gaaridi andukani | ||
| Tilak Side Hero Username: Tilak Post Number: 6874 Registered: 02-2012 Posted From: 125.22.249.81 Rating: N/A |
It now transpires that Deccan Chronicle Holdings Ltd borrowed nearly Rs 1584 crore through short-term and long-term loans in the last couple of years at interest rates as high as 15% from various banks and financial institutions. The loans were raised by mortgaging various properties and assets, the details of which have been declared by the company to the Registrar of Companies at Hyderabad and were downloaded by TOI on July 30 and 31, 2012, from the website of the ministry of corporate affairs. The promoters of DCHL raised funds from private banks like ICICI Bank, Axis Bank, Yes Bank, as well as nationalized banks like Canara Bank and Corporation Bank. They also resorted to loans from non-banking financial institutions like Tata Capital Ltd and financial institutions like Infrastructure Development Finance Corporation (IDFC). Interestingly, some of these loans were obtained by the company over the past six to nine months. The company mortgaged assets not only in cities like Hyderabad, Chennai, Bangalore and even Mumbai and Delhi but also in other locations in Andhra Pradesh, it has come to light. Interestingly, ICICI Bank has one of the largest exposures to the troubled DCHL. ICICI Bank's Vadodara branch extended loans of around Rs 490 crore to the company in mid-June this year for which a mortgage on the company's current assets and moveable property was created. Axis Bank, Hyderabad, has an exposure of Rs 300 crore and Canara Bank's corporate branch at Secunderabad has lent around Rs 280 crore, including a short-term loan of Rs 30 crore extended at 14% rate of interest in mid-March 2012. The company offered as collateral a plot at Guindy in Chennai to Canara Bank, it also offered an exclusive first charge on its printing press equipment at Chennai and Andhra Pradesh to Canara Bank. The other banks with exposure to DCHL include Corporation Bank, Bangalore, which has an outstanding of around Rs 100 crore, and Yes Bank with an exposure of Rs 144 crore. Interestingly, DCHL, which borrowed the money from Yes Bank by creating a charge on current and moveable fixed assets of Deccan Chargers and Odyssey in late November 2011, offered more properties at locations like Vijayawada, Dowleswaram village in East Godavari district, a house on Road No 14 Banjara Hills, as well as some properties at Green Park in New Delhi as collateral to the bank in January 2012. In fact, the company raised Rs 170 crore from IDFC, Chennai, at a whopping 15% interest by creating a mortgage on uncalled share capital, moveable property, book debts, revenues and receivables, intangibles as well as goodwill as late as July 2, 2012. DCHL also raised Rs 100 crore by way of two-year loan from Tata Capital, Mumbai, in April 2011 at 12% interest by creating a charge on immoveable property at Mathuradas Mills Compound as well as property at Lower Parel. bokkalo banks .. middle class vadiki loan ivvalante 100 sarlu tippinchukuntaru .. mari ee bokesh gallaki ela icharu ra annesi loans?  India must conquer the World and nothing less than that is my ideal - Swami Vivekananda | ||
| Megaveerabhimani Junior Artist Username: Megaveerabhimani Post Number: 539 Registered: 03-2012 Posted From: 65.255.37.161 Rating: N/A |
peeda poindi.. Southindian new megastar,TFI official NO.1 RAMCHARAN | ||
| Jawmetri Comedian Username: Jawmetri Post Number: 1339 Registered: 12-2009 Posted From: 49.204.37.247 Rating: N/A |
Deccan Chronicle will be there, it is powerful brand. Ownership will change. | ||
| Gandhiguevara Legend Username: Gandhiguevara Post Number: 32245 Registered: 10-2009 Posted From: 98.197.251.182 Rating: N/A |
ammaa naa kodukulu...Venkat reddy family dhe kadhaa idhee? | ||
| Pointblank Junior Artist Username: Pointblank Post Number: 731 Registered: 05-2012 Posted From: 50.131.120.229 Rating: N/A |
http://timesofindia.indiatimes.com/city/hyderabad/Deccan-Chr onicle-promoters-owe-banks-more-than-Rs-1500-crore/articlesh ow/15320282.cms |
