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DEBT RECAST PACKAGE
Lender asked to take Bilt Graphic to bankruptcy courtThe firm is part of the Avantha Group and among the 29 companies that were asked to come up with a resolution plan before December-end.- 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 ...
- Fear of investigation forces banks to defer Essar Steel debt recast, to take Rs 44,000-crore hitBankers have asked the Reserve Bank of India to enhance the scope of the overseeing committee to vet all types of debt recast.
- Will expanding the ambit of oversight committee for stressed loan help bank customers?If banker think that the move will ring fence them from investigative agencies on being questioned for decision taken today, it won't serve...
- Discom recast on track, Rs 1-L crore bonds soon: Power Minister Piyush GoyalGoyal said all states are likely to accept the scheme, which will make every state’s discom profitable in three years, ending decades of in...
- Adhunik Metaliks gets board nod to convert Rs 5,100-crore debt into equityAML would increase the limit for creation of security in favour of lenders to Rs 5,500 crore.
- Tata Power Delhi Distribution seeks debt recast packageTata Power Delhi Distribution Ltd, which supplies power in north and northwest parts of the national capital, today said it has sought reli...
- Power Ministry awaits Karnataka's response on discom debt recast"As soon as Karnataka (government) sends us their response we will send the note to CCEA," an official in the Ministry of Power said.
- Surya Pharma CDR fails; bankers to start recovery processAccording to sources with direct knowledge of the development, the company's promoters failed to bring the required Rs 85 crore for the deb...
- Shareholders okay Suzlon's $ 1.8 billion CDR packageSuzlon Energy said the company's shareholders have approved the $ 1.8 billion corporate debt restructuring package.
- Bankruptcy threat: Deccan Chronicle Holdings to seek relaxation from lendersThe board of Deccan Chronicle met on Friday to approve a resolution applying for a debt recast package, the company said in a statement to ...
- Government may recast textile sector's Rs 35,000 crore loanThe government may throw a lifeline to the debt-laden textile sector by restructuring RS 35,000-crore loan as dipping profit margins
- 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...
- Decision soon on additional equity infusion in Air IndiaA decision on additional equity infusion in Air India is likely soon with the Civil Aviation Ministry moving a Cabinet note on the matter.
- 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 ...
- 3 MFIs Spandana Sphoorty Financial, Share Microfin and Asmitha Microfin decide against mergerThree microfinance firms which had proposed a merger at the time of their debt recast talks with banks in August have now called off the pl...
- PSU banks bear brunt for reviving KingfisherEleven PSU banks, which were alloted shares as part of debt recast package, have seen erosion of about 165 crore in the value of the 17.5% ...
- PSU banks bear brunt for reviving Kingfisher AirlinesEleven public sector banks, which were alloted shares by Kingfisher Airlines as part of debt recast package, have seen erosion of about Rs ...
- Kingfisher Airlines Board approves debt recast packagePrivate carrier Kingfisher Airlines today said its Board has approved converting lenders' debt of up to Rs1,355-crore into share capital.
- 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...
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