The company at its meeting held on July 11, has approved the conversion of the working capital term loan of the CDR lenders into equity shares of the company upto Rs 1280 crore.
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.