Tag Archives: bailout

Descrease article font size Increase article font size Ottawa has finalized a $500-million bailout to help Nova Scotia Power keep rates from skyrocketing due to delivery delays of Muskrat Falls electricity. Emera, the parent company of Nova Scotia Power, confirmed the deal — first announced Sept. 16 by federal Natural …

With both promoters, Aditya Birla Group and Vodafone refusing to pump in additional equity, it is now clear that only a government bailout package will keep Vodafone Idea afloat, given that it has a weak balance sheet to service the ₹1.8-lakh-crore debt on its books. What could be done? There …