Steelmaker becomes first distressed firm to recast debt under same management
Advertisement

Steelmaker becomes first distressed firm to recast debt under same management

By Beena Parmar

  • 19 Feb 2020
Premium
Steelmaker becomes first distressed firm to recast debt under same management
Credit: Reuters

A Chhattisgarh-based iron and steel products maker has become the first distressed company to restructure its debt under the same management as per the central bank’s stressed asset resolution framework. Raipur’s Vandana Global Ltd restructured its debt of Rs 489 crore ($68 million) by dividing it into sustainable and unsustainable portions ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.
Advertisement
Advertisement
Google News Icon

Google News

Follow VCCircle on Google News for the latest updates on Business and Startup News