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MCLEOD RUSSEL LENDERS
Lenders transfer Rs 1,104cr McLeod Russel debt at discount with 5-yr repayment tenureA consortium of lenders transferred McLeod Russel's debt to NARCL for Rs 700 crore, taking a 36% haircut. The move is seen as a positive st...- Negotiation still on between McLeod, Carbon Resources over one-time debt settlementCarbon Resources had previously made a non-binding offer to McLeod Russel's lenders to acquire a controlling stake in the tea company and s...
- McLeod Russel-IL&FS out-of-court settlement may lead to 60pc recoveryIL&FS Infrastructure Debt Fund (IIDF), part of the IL&FS group and a financial creditor of McLeod, has applied under a provision of the IBC...
- McLeod-IL&FS settlement likely in two weeksIIDF, a financial creditor of McLeod, filed the petition against the company for default in payment of Rs 347.4 crore as on November 12, 20...
- McLeod Russel lenders to discuss Carbon Resources offerThe tea producer had defaulted on the repayment of principal and interest to its lenders. When contacted, a director of MRIL said the propo...
- Bankers of McLeod Russel sign ICA for resolution on debt recastBulk tea major McLeod Russel India on Friday said its bankers have signed an Inter Creditors Agreement (ICA), a precursor to a resolution p...
- IndusInd Bank gains 0.6% on invoking McLeod Russel’s pledgeMcLeod Russel India, which are held by Ichamati Investments, had pledged the shares with IndusInd Bank in order to secure outstanding dues ...
- IndusInd Bank acquires 4.79% stake in McLeod Russel by invoking pledged shares"We wish to inform that the bank had yesterday, i.e., September 28, 2021, pursuant to invocation of pledge of shares, acquired 50,00,000 eq...
- NCLT admits tea producer McLeod Russel for bankruptcy proceedingsThe bankruptcy proceedings were initiated by construction company Techno Electric and Engineering Company in 2019 over a default on interes...
- IndusInd Bank sells over 70 lakh shares of McLeod RusselIndusInd Bank stock closed at Rs 1,017.25 apiece on BSE, up 0.98 per cent. McLeod Russel shares ended nearly 5 per cent higher at Rs 36.85.
- McLeod Russel faces NCLT rulingThe creditor has also proposed the name of an interim resolution professional to manage the company’s affairs if NCLT were to decide in fav...
- IndusInd Bank acquires 70 lakh shares in Mcleod RusselEquity shares of the tea company, held by Ichamati Investments Ltd, were pledged with the bank for securing the outstanding dues of borrowe...
- Two top lenders file petitions against McNally Bharat in NCLTA consortium of banks that include public sector lenders, private sector banks and foreign banks are owed around ₹4,000 crore by the compan...
- McLeod Russel lenders meet tomorrowBanks to consider debt resolution optThe group of lenders includes a combination of private and public-sector banks, such as Axis Bank, UCO...
- IndusInd Bank sells part of pledged shares of Eveready Industries, McLeod RusselOn Saturday, the bank had said it has acquired equity shares of battery maker Eveready Industries India Ltd and tea producer McLeod Russel ...
- Yes Bank gains 4.3% on likely Eveready deal with DuracellYes Bank shares gained Rs 2.60 to close at Rs 63 on the NSE on Monday.
- Eveready climbs 5% as YES Bank acquires 9% stakeHowever, soon the stock cut gains to 1.85 per cent.
- Yes Bank acquires over 9% in Eveready by invoking pledged sharesYes Bank, pursuant to invocation of pledge of shares, acquired 68,80,149 equity shares.
- Yes Bank acquires 9.47% stake in Eveready by invoking pledged sharesEveready Industries and Mcleod Russel India are part of B M Khaitan Group companies.
- ABFL offloads Mcleod Russel promoters shares in open marketAditya Birla Finance Limited has sold shares equivalent to 2.05 per cent in the open market
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