Lodha Developers, the biggest property developer in terms of home sales, appears to be struggling with its planned asset sales as the company looks to repay its debt. Two rating firms, Moody’s and Fitch, have downgraded their outlook on Lodha over the last five days.
Though Lodha is in the middle of selling 28 per cent equity stake in London properties to a buyer, there have been delays in the receipt of funds from the sale, global rating firm Moody’s said last week. The amount received is substantially lower than Moody’s expectations. Moody’s, which ...
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