Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

GFG Alliance’s refinancing gets boost as international businesses perform well

GFG Alliance's refinancing gets boost as international businesses perform well 1

(Reuters) – Commodities tycoon Sanjeev Gupta’s GFG Alliance said on Monday its international businesses were performing well on strong metal markets, helping bolster its cashflow and boost its refinancing efforts.

GFG Alliance, which has been scrambling since the collapse of supply chain finance firm Greensill, also said it was restarting LIBERTY Steel USA’s South Carolina plant that was shut down during the pandemic.

GFG was Greensill’s largest client.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Vinay Dwivedi)

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Advertisement

Newsletters with Secrets & Analysis. Subscribe Now