Fashion brand Provogue (India) Ltd today said its lenders have invoked strategic debt restructuring (SDR) in the company.
"Andhra Bank, the leader of consortium of lenders, has informed the company that at the Joint Lenders Forum (JLF) meeting held on January 25, 2016, the lenders have invoked Strategic Debt Restructuring (SDR) in the company and adopted the 'Reference Date' for the purpose as January 25, 2016," the company said in a BSE filing.
The shares of the company closed 4.86 per cent down at Rs 5.87 apiece on BSE.
