Debt Restructuring Package

The consortium of lenders, led by IDBI, has agreed to the exit plan of RDEL, a subsidiary of Reliance Infrastructure, with a longer maturity period for loans worth about Rs 6,800 crore, sources said.

No exposure to Jharkhand, Bihar SEBs: Allahabad Bank

Shubhalakshmi Panse of Allahabad Bank says the bank does not have any term loan exposure to Jharkhand and Bihar. And while the bank has a very small exposure of Rs 28.08 crore to Andhra Pradesh, it is a performing asset and a very recent loan of a small quantum.

Suzlon implements USD 1.8 billion debt recast plan

Wind turbine maker Suzlon on Tuesday said it has implemented the USD 1.8 billion (Rs 9,500 crore) debt restructuring package that includes preferential allotment of shares to its lenders.

Nine states with maximum debt may opt for SEB pkg: CRISIL

Pawan Agrawal, Director of CRISIL Ratings believes states that have the maximum debt levels are the ones who are likely to be the first ones to opt for the package. At the moment, there are nine states who are likely to choose the debt restructuring package.

Bailout will boost banks' confidence to lend again: Fitch

Salil Garg, director - India ratings, Fitch explains to CNBC-TV18, in his reaction to the announcement of the debt-restructuring package for power discoms, that the package would boost the confidence of banks which ceased to lend to distribution companies who were financing their operating losses with short-term loans.

FinMin to rescue textile biz with Rs 35,000cr package

CNBC-TV18's Rituparna Bhuyan reports that the finance ministry has agreed to the textile ministry's demands to support the sector with a Rs 35,000-crore debt restructuring package for the industry.

Appeal of AI deal depends on rates offered by govt: SBI

The appeal of Air India’s new debt restructuring package depends on the interest rates the government provides, says deputy managing director of SBI, Santosh Nayar.

Debt recast to ease interest burden by 40%: Koutons Retail

Anil Khatri of Koutons Retail, in an interview to CNBC-TV18, gave his views on how the debt restructuring plan will help the company to grow further as the interest burden will be reduced.

Promoters to infuse Rs 40cr, stake sale talks on: Koutons

Koutons Retail India in the midst of a debt restructuring package. The chairman of the company DPS Kohli, in an interview on CNBC-TV18 said that the company's current debt levels are at Rs 650 crore. As for the CDR package, he said the proposal has received complete support from the banks.