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Nifty Companies’ Debt Jumps The Most In Five Years
A look at the five companies that contributed the most to India Inc. debt in 2018-19.
04 Jun 2019, 09:03 PM IST
The debt of Nifty 50 companies, barring financial services providers, jumped the most in five years in the fiscal ended March.There are 39 Nifty constituents, excluding banks and non-bank lenders. Of these, four are debt free. The total debt of the remaining 35 rose 13.4 percent year-on-year to Rs 16.3 lakh crore, according to Bloomberg data. That’s the highest jump since 2013-14.
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