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HCC DEBT RESOLUTION
HCC transfer aggregate debt of Rs 2,854 cr to associate firm PRPLInfrastructure major HCC has transferred Rs 2,854 crore of debt to its associate company Prolific Resolution Pvt Ltd. This move aims to cre...- NARCL rejigs boards of Srei twin companies after acquisitionThe government-backed asset reconstruction company appointed Shamik Roy, a veteran in the distressed loan segment who was earlier with HCC,...
- HCC sells 58 acres in Panvel near Mumbai to StoreAce Logistics’ arm for Rs 95 croreThe plot was put on block by the company as part of its monetisation target under a resolution plan entered with its group of lenders. The ...
- Bankruptcy court approves Darwin Platform's resolution plan for Lavasa CorporationThe Mumbai bench of the National Company Law Tribunal (NCLT) Friday approved a revised and improved resolution plan submitted by Darwin Pla...
- NCLT directs Lavasa lenders to distribute sale proceeds equitablyWhile passing the order, an NCLT division bench comprising Justice Shyam Babu Gautam and P N Deshmukh relied on the Supreme Court’s order o...
- NCLT dismisses homebuyers' petition to reject Lavasa insolvency resolution planThe homebuyers, in their petition, had sought the tribunal's intervention to declare the resolution plan submitted by Darwin Platform Infra...
- HCC jumps 10% after completion of debt resolution planHCC has transferred Rs 2,854 crore of lenders’ liability along with beneficial economic interest in arbitration awards and claims of Rs 6,5...
- HCC posts 45.7 pc decline in net profit to Rs 118.6 cr for Dec quarterIts total income during October-December 2021 stood at Rs 2,695.89 crore, compared with Rs 2,416.93 crore in the year-ago period
- Committee of Creditors to mull, finalize Lavasa takeover bids on MondayLast year a consortium led by Haldiram Snacks and two property developers, namely Pioneer Facor IT Infradevelopers and Sanar Property had e...
- HCC shares jump 10% as company completes sale of FRHL to Cube HighwaysHCC Concessions has completed the sale in its road project to Cube Highways. The enterprise value comprised a debt of Rs 905 crore and an e...
- HCC closes sale of West Bengal road asset to Cube Highways at enterprise value of Rs 1,508 croreThe stake sale is a part of the loss making company’s strategy to deleverage the balanesheet and address its asset-liability mismatch.
- HCC Q4 results: Construction company reports consolidated net profit of Rs 311 crThe company had clocked a loss of Rs 883.18 crore in the corresponding quarter of 2018-19.
- HCC Q4 results: Firm posts net profit of Rs 311 croreThe company's order book stood at Rs 16,857 crore as on March 31, 2020
- With no serious contenders, Lavasa extends deadline to bidIt has written off Rs 1,046 crore, or its entire exposure, to Lavasa Corporation.
- Infra companies’ woes mount as huge receivables stuck in disputesIL&FS has accumulated a consolidated debt of around Rs 91,000 crore.
- HCC is to receive Rs 2,000 cr more from banks: Ajit Gulabchand“We have also acquired interest from several investors who wish to invest in the Lavasa project.”
- Financial relief package for realty firms announcedThe government has announced a package to ease the financial stress on construction companies, including a possible loan restructuring pack...
- HCC gets breather under S4A Scheme as banks approve debt recastUnder S4A scheme, the debt of a company is split in two components—‘sustainable debt’, which cannot be less than 50% of the total; and ‘uns...
- HCC's lenders to restructure its loans under RBI's S4A schemeThe company said it will help it bridge the gap of 'Cashflow Timing Mismatch' between claims realisation (including its interest) and debt ...
- HCC is in red but seeks an annual pay package of over Rs 10 crore for its chief Ajit GulabchandFor three consecutive years, HCC in its annual report has stated that Gulabchand's remuneration exceeded the limits set by Companies Act.
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