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CORPORATE DEBT RECAST
Sadbhav Lenders turn down NARCL offer, settle it out of courtSadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led pl...- Corporate Debt Restructuring clears Venus Remedies debt recast proposalVenus Remedies said that the CDR Cell has approved its proposal, under which its repayments of the principal amount will begin only from Ap...
- Companies performing well are exiting debt restructuringThe amount of loans that exited the CDR programme jumped 14% to Rs 58,205 crore from Rs 51,104 crore a year earlier, data from the CDR cell...
- Banks to release Rs 650 cr to ABG Shipyard soon under corporate debt restructuring dealABG Shipyard, which is under a CDR, will receive Rs 650 crore infusion from lenders by this month-end.
- Revival of the equities market, asset sales by companies leads to a plunge in loan restructuringAsset sales by companies, transfer of bad loans to ARCs and fund-raising amid market revival help cut debt load
- Consortium of banks recast Lanco Infratech’s Rs 8,000-cr debt, biggest in quarterThe decision was taken at the corporate debt restructuring meeting where lenders agreed to provide additional loan of Rs 3,500 crore to the...
- Corporate debt restructuring Cell okays Rs 6181 cr debt recast of Electrosteel SteelsIt added that the Rs 611.91 crore term loan outstanding of Non-CDR lenders will be outside the purview of CDR.
- RBI norms for corporate debt recasts must not stifle enterpriseThis militates against the principle of limited liability: shareholder liability is limited to what they have invested by way of fullypaid-...
- Electrosteel gets ‘nod’ from lenders to restructure 6,000-crore loanElectrosteel Steels has approached lenders to recast Rs 6,000-cr loan, indicating rising stress in the books of banks due to a slowdown in ...
- Tighter corporate debt recast norms soon, says RBIAs of Q3 of FY13, banks recast loans worth nearly Rs 62,100 crore, around 50 per cent more than the recast loans in the whole of last year.
- Suzlon Energy gets lenders' nod for Rs 14,000 crore debt recastSuzlon, which has piled up Rs 14,000 crore in debt - almost twice its equity base - has reported losses for the past three years.
- Small companies rush for debt recast as growth slowsMost of these cases are from companies with debt of less than Rs 500 crore. In 2011, 87 companies with debt of Rs67,739 crore applied for d...
- Some lenders not keen to refer Deccan Chargers Holding for debt rejigSome of the lenders of DCHL are not keen on a debt recast of the co owing to lack of clarity over the approach.
- New CDR norms to erode PSBs' profitability by up to 18%: ReportCDR norms issued by RBI will have a massive impact on the profitability of state-run banks to the tune of 18%, says a report by Standard Ch...
- Mudra Lifestyle’s Rs 475-cr debt restructuring package approved by lendersThe lenders, including State Bank of India, Axis Bank and Oriental Bank of Commerce have agreed to sacrifice Rs 45.50 crore to recast the l...
- Bharati Shipyard gets lenders approval for 5,600-crore debt recastLenders of debt-laden Bharati Shipyard have approved a debt recast of Rs 5,600 cr after the empowered group of banks agreed to help the shi...
- IFCI, DCB pull out of corporate debt recast modelIFCI and Development Credit Bank have pulled out of the CDR model blessed by the RBI to bail out distressed firms.
- Textiles debt restructuring may add up to Rs 5,000 croreThe government is working on a package to restructure loans to the tune of Rs 4,000-5 ,000 crore for the textiles sector but has ruled out ...
- Ispat moves lenders for another corporate debt recast packageHit hard by a slowdown in demand, Ispat Industries has approached its lenders for a second corporate debt restructuring (CDR) package. Indi...
- PM okays capital restructuring of NPCAs per the recast plan, the NPC – for the first time ever – will access the debt mkt to mop up low cost funds.
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