State Bank of India (NSEI:SBIN) (SBI) failed to attract investors at an auction held on Thursday to sell INR 17,030 million debt of Hindusthan National Glass & Industries Limited (BSE:515145) (HNGIL), the country's largest glass bottle maker, whose debt resolution has been delayed by more than a year due to the litigation between the two bidders in the fray. The bank had set a INR 8,210 million reserve price on the HNGIL debt, implying a 48% recovery on the total outstanding amount.
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5-day change | 1st Jan Change | ||
801.3 INR | -1.40% | +6.78% | +24.80% |
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Stocks mentioned in the article
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5d. change
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Capi.
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801.3 INR | -1.40% | +6.78% | 85.75B | ||
20.93 INR | -4.99% | -4.99% | 22.47M | ||
EPS Revisions
1st Jan change | Capi. | |
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+24.80% | 85.75B | |
+13.75% | 556B | |
+12.36% | 298B | |
+8.64% | 247B | |
+21.72% | 210B | |
+16.11% | 170B | |
+6.88% | 162B | |
+4.42% | 153B | |
+0.10% | 139B | |
-11.67% | 138B |
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- SBI Fails to Draw Buyers for Hindusthan National Glass' INR 17,030 Million Bad Debt