AI Board to meet on issuance of Rs 7,000 cr bonds

AI Board to meet on issuance of Rs 7,000 cr bonds

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Air India. (File Photo: IANS)
New Delhi, March 7 (IANS) National carrier Air India's Board will meet on Friday to decide on the issuance of bonds up to Rs 7,000 crore through private placement.
The company, which is reeling under a massive debt burden of around Rs 55,000 crore, requires the sum to pay of its lenders and for working capital.
Its Board includes ITC Chairman Y.C. Deveshwar and Aditya Birla Group Chairman Kumar Mangalam Birla as Independent Directors.
--IANS
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(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

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