Sathavahana Ispat Limited (SIL)’s managing director was comforted when his company's expanded production facilities commenced operations on April 1, 2015, after a delay of more than a year. The managing director also had concerns about borrowing costs rising and dwindling liquidity, though he had a reason to rejoice.
Therefore, he moved towards the Indian Women's Bank to restore the company's high-cost debt to the degree of 3 billion and to raise up a business loan of 1 billion. Would the proposal be sanctioned? Or would it be abandoned due to the poor financials, subdued market conditions and also the ongoing international economic slow down of SIL? Maram Srikanth is affiliated with Indian Institute of Management Shillong.
Sathavahana Strategies for Financial Turnaround case study solution
PUBLICATION DATE: January 11, 2016 PRODUCT #: W15622-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING