Fri, Dec 02, 2016
It said, “The board has approved issuance of nearly 25.20 crore equity shares of HCC – which represents 24.44% of the expanded share capital of the company, along with optionally convertible debentures (OCDs) not exceeding Rs 2000 crore on preferential basis to the lenders.”
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Sat, Nov 05, 2016
Under this recast of HCC's Rs 5,000 crore debt, which has become the first successful resolution case under the RBI's highly-ambitious S4A tool, 52 per cent of debt (nearly Rs 2,600 crore) was found to be sustainable and would be serviced as per the original terms and conditions, including about interest rate and tenure.
Sat, Jun 18, 2016
Rajan wrote a letter to his RBI staff giving all reasons for not taking the second term.
Thu, Jun 16, 2016
The new scheme will give a lifeline to stressed corporates while for banks, it will help in curbing additions to non performing assets (NPAs) in the near-term, Crisil said.
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