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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Other stock markets
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5-day change | 1st Jan Change | ||
817.4 INR | -0.30% | -1.70% | +27.30% |
May. 10 | Jefferies Adjusts State Bank of India’s Price Target to INR980 From INR810, Keeps at Buy | MT |
May. 10 | State Bank of India's Consolidated Profit Jumps in Fiscal Q4 | MT |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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817.4 INR | -0.30% | -1.70% | 87.32B | ||
18.9 INR | -4.98% | -4.98% | 20.26M | ||
EPS Revisions
1st Jan change | Capi. | |
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+27.30% | 87.32B | |
+16.85% | 571B | |
+14.20% | 301B | |
+18.59% | 252B | |
+25.74% | 216B | |
+21.29% | 183B | |
+25.50% | 170B | |
+9.52% | 162B | |
+5.28% | 146B | |
-15.88% | 131B |
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- SBI Fails to Draw Buyers for Hindusthan National Glass' INR 17,030 Million Bad Debt