Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a loss of 2 points or 0.02 percent. Nifty futures were trading around 11,862-level on the Singaporean Exchange.
These cases were expected to be fully resolved in the January-March quarter, but are still awaiting final orders from the NCLT or other regulatory approvals, which have resulted in higher provisioning for lenders.
SevenHills Healthcare, a multispecialty hospital, already referred to the Corporate Debt Restructuring (CDR) cell may not be admitted by the corporate debt restructuring cell. Private sector lender Axis Bank, which has around 460 crore exposure out of company‘s total debt of Rs 763 crore has not given its approval on the proposed loan recast.
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