S4A scheme: HCC allots 19 crore equity shares to lenders
HCC added, “LIC of India and Vijaya Bank are also in the process of the completing their respective internal processes for S4A scheme and upon completion of the same, it will further proceed to issue and allot corresponding equity shares and OCDs to them.”
HCC allotted nearly 19 crore equity shares and 1.20 crore OCDs to many lenders under the RBI's Scheme for Sustainable Structuring of Stressed Assets (S4A). Photo: Pixabay