Air India's debt recast plan has been rejected and the struggling carrier will now have to start from scratch. Sources say that the bone of contention was the cumulative redeemable preference shares.
Post the meeting, SBI chairman Pratip Chaudhari said that the Air India management, SBI and SBI Caps will meet within this week itself to see what are the various options that can be worked out.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
