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Kingfisher Airlines Ltd.: Debt Restructuring
Durga Prasad; Kulbir Singh; S.R. VishwanathCase IVEY-9B15N007-EFinance, StrategyKingfisher Airlines, a leading airline company in India, had incurred substantial losses and its net worth had been eroded. This news was widely covered by Indian and international press. Analysts and media were of the opinion that Kingfisher needed equity infusion to steer it through the distress. Because of its financial difficulties, the company’s stock was trading at near historic lows and its equity value was, in fact, negative. Yet company ...Starting at €8.20
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Infrastructure Leasing and Financial Services Ltd.: Corporate Governance Failure
S Ramanna Vishwanath; Kulbir Singh; Durga Prasad; Jaskiran AroraCase IVEY-9B20N013-EFinanceIn June 2018, Infrastructure Leasing and Financial Services, Ltd., one of the largest infrastructure and financial services companies in India, shocked the investment community by defaulting on several debt repayments. Its previously highly-rated debt instruments were downgraded, triggering fears of a market liquidity crisis. In an attempt to defuse the crisis, the Government of India appointed an interim board of directors comprised of industry ...Starting at €8.20
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Investing in Special Situations: SEACOR Marine Holdings
Badia, Marc; Serra, Claudia; Nance, ChristopherCase C-798-EAccounting and Control, FinanceMarc is a professional investor focused on special situations. He must decide whether to invest in Seacor Marine Holdings (SMHI), an offshore services company that was recently spun off from Seacor Holdings. Marc has compiled enough public information to perform a full fundamental analysis of the company. The case puts special emphasis in the understanding of the spin-off economics, the cyclical nature of the industry and the valuation of assets ...Starting at €8.20