HCC yet to decide on debt restructuring, lenders adamant

Even as lenders are certain that Hindustan Construction Company (HCC) will have no option but to restructure its debt, the company is yet to take a final call. The company and lenders failed to come to a conclusion at the meeting held today, reports CNBC-TV18 quoting sources.

March 05, 2012 / 09:26 IST

Even as lenders are certain that Hindustan Construction Company (HCC) will have no option but to restructure its debt, the company is yet to take a final call. The company and lenders failed to come to a conclusion at the meeting held today, reports CNBC-TV18 quoting sources.

According to lenders, HCC's board will meet on Wednesday to take a final call on restructuring around Rs 6500 crore of debt, which includes Rs 3700 crore each of secured and unsecured loans.

Shares of HCC fell over 4% on Friday.

first published: Mar 2, 2012 10:25 pm

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