Apparel manufacturer Koutons Retail has admitted that debt clouds are hanging over the company and there is no other option than planning for debt restructuring to recast debt.
The company has a total debt of Rs 660 crore, out of which Rs 460 crore will go for corporate debt restructuring (CDR) and remaining Rs 200 crore is non-CDR, reports CNBC-TV18Discover 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!
