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HCC becomes first to get debt recast approval under S4A, more may follow

HCC becomes first to get debt recast approval under S4A, more may follow

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.

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