{"id":577107,"date":"2023-05-17T09:12:12","date_gmt":"2023-05-17T03:42:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=577107"},"modified":"2023-05-17T09:40:16","modified_gmt":"2023-05-17T04:10:16","slug":"bombay-burmah-trading-corps-go-first-exposure-falls-to-rs-65-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bombay-burmah-trading-corps-go-first-exposure-falls-to-rs-65-crore\/","title":{"rendered":"Bombay Burmah Trading Corp&#8217;s Go First exposure falls to Rs 65 crore"},"content":{"rendered":"<p>Some of the listed Wadia Group entities reduced their exposure to the now-bankrupt Go First airline (founded as GoAir) in 2022-23, with Bombay Burmah Trading Corporation\u2019s (Bombay Burmah\u2019s) exposure falling to Rs 65 crore. <\/p>\n<p>According to the annual report of 2021-22, Bombay Burmah had an exposure of Rs 315 crore to the airline by way of inter-corporate deposits (ICDs).<\/p>\n<p>Bombay Burmah also holds a 32 per cent stake in the airline directly; the rest is owned by Wadia\u2019s private entities. <\/p>\n<p>Shares of Bombay Burmah, with a market valuation of Rs 6,684 crore, closed at Rs 958 per share on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some of the listed Wadia Group entities reduced their exposure to the now-bankrupt Go First airline (founded as GoAir) in 2022-23, with Bombay Burmah Trading Corporation\u2019s (Bombay Burmah\u2019s) exposure falling to Rs 65 crore. According to the annual report of 2021-22, Bombay Burmah had an exposure of Rs 315 crore to the airline by way of inter-corporate deposits (ICDs). Bombay Burmah also holds a 32 per cent stake in the airline directly; the rest is owned by Wadia\u2019s private entities. Shares of Bombay Burmah, with a market valuation of Rs 6,684 crore, closed at Rs 958 per share on Tuesday.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-577107","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=577107"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577107\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=577107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=577107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=577107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}