Coronavirus impact: India Inc focuses on preserving liquidity amid lockdown

Reputed conglomerates are opting for moratorium on debt servicing

In an indication that India’s high-rated companies are preparing for the long haul, they are opting for a moratorium on debt servicing. Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of Covid-19.
 

The list of companies opting for the moratorium includes those that are part of reputed conglomerates and enjoy relatively higher financial stability. Tata Power, for instance, plans to accept the moratorium. “We will be availing of the moratorium offered by banks extending the period by three month for repayment