The Supreme Court of Western Australia has discharged an application by Perdaman Chemicals and Fertilisers to restrain Lanco Infratech from mortgaging Griffin coal assets. Talking about the road ahead for the case and the company, Suresh Kumar CFO of Lanco Infra tells CNBC-TV18 that now the company has no embargo in creation of securities for future financing.
"Griffin would need CAPEX to ramp up, going forward. And now since there is no embargo, it is easier to raise money for GriffinDiscover 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!
