close

Bombay Burmah makes Rs 1,866-crore provisions for Go First exposure

The company owned a 33% stake in Go Airlines (India), which operates Go First, while the rest is owned by unlisted holding companies of Wadia Group

Photo: Bloomberg
Premium

Photo: Bloomberg

Dev Chatterjee Mumbai

Listen to This Article

The holding company of the Wadia group, Bombay Burmah Trading Corporation (BBTCL), has fully provided for its exposure in the bankrupt GoAir Airlines, with a sum of Rs 1,865.66 crore

Also Read

Bombay Burmah Trading Corp's Go First exposure falls to Rs 65 crore

Wadia Group company took $300 million loan from Deutsche Bank: Report

One year since Tatas took over Air India, here's how the journey has been

Nusli Wadia-owned Go First to receive Rs 600 crore more by April end

Why merging Brand Vistara with Air India makes sense: Experts explains

Tata Capital Fin Services to raise upto Rs 7,000 crore through NCDs

JSW Steel eyes coking coal assets to beef up raw material security

Tesla's U-turn on India in search for new EV manufacturing destination

Housing.com sees 4-fold jump in monthly traffic from pre-Covid level: CEO

UK-based BenevolentAI to cut about 180 jobs as part of restructuring plan

First Published: May 28 2023 | 10:04 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com