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India’s Bharti Airtel to test bond buyer views on debt cut push

Bloomberg International bond investors may get a chance in coming days to weigh in on Indian wireless carrier Bharti Airtel Ltd’s efforts to pare debt, with market signs indicating enthusiasm for the push. The wireless carrier is planning to sell a dollar perpetual bond — debt with no set maturity — as early as October 8, according to a person ...

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Tata Steel weighs sale of stake in e-comm venture

Bloomberg Tata Steel Ltd is weighing a sale of its stake in an e-commerce joint venture as India’s largest steel manufacturer looks to offload non-core assets to pare debt, people with knowledge of the matter said. The company is working with advisers on a potential sale of its 50 percent stake in mjunction Services Ltd, an online marketplace for commodities ...

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India’s Patanjali ratings downgraded

Bloomberg An Indian credit ratings company cut Patanjali Ayurved by two levels, citing a likely weakening of its financial position as it partly funds a merger with a maker of soya products. Care Ratings downgraded Patanjali’s long-term bank facilities to A- from A+, according to a statement. Care and Brickwork Ratings cut the company’s outlook to negative from stable. Patanjali ...

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