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DEBT RECAST DEAL
Ares SSG-led Group signs debt recast deal with Jayaswal NecoThe deal involves restructuring ₹5,700 crore loans while Assets Care and Reconstruction Enterprises (ACRE) - an asset reconstruction compan...- Lenders allow FRL to pay $14 m interest to foreign bondholdersAt the meeting, Biyani also assured lenders that Future would win the legal battle against Amazon over the sale by March-end, said the peop...
- Future Retail's lenders set to take control of firm's cash flowsWhile lenders are unanimous on this step, differences have emerged among them on a proposed debt restructuring with some private and foreig...
- RBI rejects Religare Finvest's proposal to rename itselfAs per the RBI's regulations, lenders cannot restructure loans of borrowers tagged as fraud, unless there is a change in management. Lender...
- Future Group seeks lenders' nod to recast Rs 8,400 crore FEL debt post Reliance dealFEL's debt was restructured once last November under the Reserve Bank of India's one-time restructuring (OTR) scheme for companies affected...
- Lenders to withdraw debt recast if Future Group-RIL deal goes throughBanking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat. The recast will kick in only i...
- Dealmakers may have to let their old template go as COVID-19 changes the M&A playbookThe emerging themes in the post-pandemic play will be falling asset prices, the pressure to generate liquidity, investors looking to exit p...
- Videocon may be referred to bankruptcy courtVideocon with Rs 47,500 crore of debt and Jaiprakash Associates with Rs 26,000 crore were the top two in a bunch of 29 defaulters that the ...
- Edelweiss moves NCLAT against Synergies Dooray debt recastSynergies Dooray entered into a complicated deal with its sister concern Synergies Castings even as its matter was before BIFR.
- Rs 44,000-crore loan recast: SSG Capital offers to buy Essar Steel loansThe move has raised the spectre of lenders losing substantially, and raised doubts whether it is a trial balloon for the shareholders to ne...
- PSU banks discuss bad loans issue with central agencies, RBIRBI had issued guidelines on a 'Scheme for Sustainable Structuring of Stressed Assets'(S4A) to further strengthen the lenders' ability to d...
- Cabinet may take up power distribution firms' burgeoning debt issue tomorrowHit by subsidised tariffs, state electricity discoms are facing cash crunch and are incurring annual losses of about Rs 60,000-70,000 crore.
- Banks fear loan default by commodity companiesRBI governor Raghuram Rajan has been critical of banks resorting to debt recast and postponing the problem of identifying bad loans.
- 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.
- Banks sell Hotel Leela & Bharati Shipyard debt to ARCs"The debt recast for both these accounts has failed as the promoters were unable to raise the required capital to support the recast proces...
- Lanco Infratech may soon sign Rs 7500-crore CDR dealOn Friday, Lanco Infratech and a consortium of over 25 lenders led by IDBI Bank, met in Gurgaon to work out the finer details of the debt-r...
- Lenders agree to recast Rs 11,000 crore debt: Suzlon EnergyThe SBI-led consortium of 20 lenders has agreed to recast Rs 11,000 crore loan of the struggling Suzlon Energy under the CDR mechanism.
- Bank of Maharashtra restructures around Rs 1,100-cr debt of Rajasthan SEBAs per banking sources, a total loan amount of around Rs 6,000 crore, which has been given to RSEB, has been restructured by various banks.
- 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 ...
- Maytas Infra, lenders may soon seal debt-recast dealThe corporate debt restructuring exercise at the troubled Maytas Infra has reached the final lap of negotiations with prospective lenders c...
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