Tighter rules in India forcing listed defaulters to come clean have provided the first glimpse into the extent of their debt problems.
About 72 companies, from conglomerates helmed by fallen billionaires to smaller businesses, have some 1.8 trillion rupees ($25 billion) in outstanding debt, exchange filings show. As of Dec. 31, the firms had defaulted on more than 840 billion rupees, or 47%, of this.
