Debt Recast

Amid takeover offer, McLeod Russel pins hopes on debt recast plan

CMD Khaitan says banks have been very supportive and have come to a conclusion on what debt restructuring resolution should be

RBL Bank offloads over 12% stake in Kilburn Engg since May for Rs 17 cr

RBL Bank on Wednesday said it has offloaded over 12 per cent stake in Kilburn Engineering since May for a total consideration of over Rs 17 crore. The private sector lender had acquired 67,50,000 equity shares of Kilburn Engineering (Kilburn) under a debt recast plan. This represented 19.67 per cent share capital of the company, as part of conversion of loans outstanding under debt restructuring plan by RBL Bank in February 2021, and subject to lock-in for one year. "We now wish to inform...the bank has further sold 22,00,000 equity shares representing 6.41 per cent of the paid-up share capital of Kilburn Engineering," RBL Bank said in a regulatory filing. RBL Bank said the sale transactions happened through stock exchanges at prevailing market price during May 17 to August 17, 2022. On August 12, it had sold 7,07,468 shares (2.06 per cent stake) and offloaded 12,42,532 shares (3.62 per cent) on August 11. RBL Bank said the sale percentage crossed 2 per cent on August 11; 4 per ce

Religare Finvest debt recast in doubt as company gets 'fraud' tag from RBI

Promoter Religare Enterprises contests tagging of Religare Finvest Ltd as 'fraud'

Banks' rejection of debt recast turns into a deathblow for SREI

The SREI Group firms' business has been badly hit due to Covid; SREI mulls legal recourse over RBI's decision to supersede Group firms' boards

Tamil Nadu, India's 2nd-most industrialised state, in favour of debt recast

The states' inflated debt sale schedule alludes to that possibility. They are scheduled to borrow as much as Rs 1.78 trillion ($25 billion) from the market in the April-June quarter

NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc

Those who had availed themselves of the recast earlier should get a second chance, the Finance Industry Development Council said in a letter to the RBI

FIDC seeks loan recast for its retail borrowers as second wave wreaks havoc

In letter to RBI, requests this be done irrespective of whether such accounts have been restructured on earlier occasions

Lenders to withdraw debt recast if Future-RIL deal goes through: Report

Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat

Future Retail lenders okay debt recast plan with repayment up to two years

Interest accrued between March 1, 2020, and September 30, 2020, will be converted into Funded Interest Term Loan, payable by December 2021

SP group seeks 2-year debt moratorium, interest converted to loan

Total group borrowings amount to over Rs 25,000 cr, flagship alone has Rs 23,500 cr of debt

Top headlines: TikTok to shut India biz, SP Group seeks debt recast

Sales of residential units reached pre-Covid levels, the Delhi Police has registered 22 FIRs so far in connection with the violence during tractor rally

We hope investors will continue to support us: Hemant Kanoria of Srei Infra

In a Q&A, the company's chairman says the firm had to freeze interest payment and redemption of NCDs due to the pandemic and related regulatory approach

The concerns that kept moratorium and restructuring requests down

Disincentives, borrowing behaviour change, business recovery have kept references for restructuring low, ICRA said

Airlines seek easier Kamath panel's parameters on loan restructuring

Have sought intervention of Ministry of Civil Aviation for fresh credit lines

Despite Covid-19, ratio of rating upgrades to downgrades improves

According to SBI EcoWatch, only 15-20 per cent of firms may request for a debt rejig

Bank of Baroda: With loan recast hazy, strong re-rating few quarters away

While BoB has displaced PNB in terms of loan book size, sustaining Q2 momentum is critical

Just 1% firms keen on one-time debt recast as biz outlook improves: Crisil

This is despite the fact that two-thirds of Crisil-rated entities are eligible for restructuring, based on Kamath Committee parameters

PMLA clean chit to Chanda Kochhar may help Videocon debt recast plan: Dhoot

The company's promoter Venugopal Dhoot said their application is currently pending with the Committee of Creditors, which will soon vote on their proposal

Stimulus 3.0: Credit guarantee scheme recast a smart move

Critics may say it's postponing the inevitable, but considering the pros and cons, this is par for the course and the best part of Atmanirbhar Bharat 3.0 package

IMF's debt recast programme should help nations overcome fiscal stress: FM

The initiative came into effect in April was initially agreed till end of 2020