Business Standard

BPL group debt pile tops Rs 1000 crore

Image

Raghuvir Badrinath Bangalore
 BPL group, the consumer electronics major, is learnt to have run up a staggering Rs 1,000 crore-plus debt in its efforts to have a backward integrated manufacturing plant and its foray into other sectors.

 The company as part of its restructuring is looking at shifting this debt, mostly from domestic financial institutions, overseas through external commercial borrowings at a much lower interest rate.

 It is also learnt that the much-awaited Sanyo investment will most likely be in the colour television business of the group.

 A senior company official said:

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 23 2003 | 12:00 AM IST

Explore News