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DEBT RESTRUCTURING
Vedanta Resources looking to rejig $5.5 bn holdco debt in one goAnil Agarwal's Vedanta Resources Ltd is in talks with global banks to refinance its $5.25-5.5 billion debt. The company aims to raise $3.5-...
Day of Reckoning: West Bengal, Tamil Nadu, Assam, Kerala & Puducherry assembly poll results set to redefine India's political journeyWest Bengal, Tamil Nadu, Assam, Kerala & Puducherry assembly poll results: Counting day arrives for five states after a heated election. Vo...
SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...
Jaiprakash Associates approves debt restructuringThe company had called a board meeting to consider the recommendations of the audit committee on the debt restructuring process approved by...
Lenders invoke Strategic Debt Restructuring in IVRCLIVRC said that the senior lenders of the company will meet this week under the Corporate Debt Restructuring (CDR) mechanism.
Lenders discussing debt conversion plan: IVRCLIVRCL Ltd today said its lenders are deliberating on various debt conversion options of the company under the Corporate Debt Restructuring ...
Reserve Bank of India announces new measures on debt restructuring by lendersThe banking regulator further said a joint lenders forum should closely monitor a company’s performance and appoint a suitable professional...
- Reserve Bank of India plans to tighten the debt restructuring norms
Bankers will have to be more vigilant in monitoring a loan account while corporate will have to think twice before restructuring the loan w...
- Corporate debt restructuring up 3-fold at Rs 68,000 crore in FY'12
A record number of 87 cases with an aggregate debt of about Rs 68,000 crore were referred for Corporate Debt Restructuring (CDR) last fisca...
- Promoters will now have to shell out more for corporate debt restructuring
Promoters will have to invest more of their own funds to demonstrate commitment to their business if they want banks to restructure loans.
- Bankers meeting today to end misuse of debt restructurings
The meeting is "to redefine the acceptable parameters for restructuring of borrowers' debts under corporate debt restructuring (CDR)", a no...
- Air India debt restructuring to put Rs 2,000 cr burden on 14 lenders
Air India's debt restructuring will impose a burden of Rs 2,000 crore on the consortium of 14 lenders, said a senior finance ministry offic...
- Bankers approve Koutons Retail India debt restructuring
Beleaguered discount retailer Koutons Retail India has secured its bankers' approval for a corporate debt restructuring, or CDR, package.
- Koutons Retail debt restructuring plan finalized; to be approved next week
The company's total debt is Rs 660 crore out of which the long term debt of Rs 500 crore will be payable over a period of 10 years includin...
- K S Oils gains on debt restructuring plans: Reports
Shares of edible oil maker KS Oils pared early morning losses on Thursday and gained over 4% on debt restructuring plans, ET Now reports.
- Mallya’s stake in Kingfisher to fall below 50% post debt restructuring
Kingfisher Airlines is in the process of implementing the debt restructuring plan, which also includes raising $250 mn to $350 mn via GDR.
- Wockhardt likely to settle debt rejig issues soon
Pharma major Wockhardt expects to close all issues pertaining to its corporate debt restructuring (CDR) in the next few months.