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About 14 results for "sdr"

Reliance Communications not to pay interest or principal to lenders in view of SDR and standstill period

Reliance Communication provides financial update

Communication announced that pursuant to SDR guidelines, the Company is under standstill period till December 2018. The Company has also announced various asset sales and a comprehensive debt resolution plan, as advised per our earlier letter dated 30 October ... Business Standard, 1 month ago

2 images for "sdr"

First, 1 month ago
Money Control, 1 month ago
Money Control

Not paying interest to lenders in light of SDR, says RCom

On October 30, the company had announced that its lenders would convert part of its debt into equity to the tune of 51 percent stake in RCom.
 Money Control1 month ago Lavasa's lenders invoke debt restructuring, convert loans into equity  Business Standard2 months ago

Banks to now refer 28 large dud accounts to NCLT

These together account for 40 per cent of bad loans of around Rs 4 trillion. With the RBI's deadline ending on Wednesday to resolve the 28 large stressed accounts that the regulator had identified on its second list, banks are set to refer as many as 23 of them for insolvency proceedings. In August, the Reserve Bank had asked banks to either resolve the 28 large stressed accounts by December 13 or refer them to the National Company Law Tribunal (NCLT) by December 31.   These together ...
 Rediff.com4 days ago

Insolvency row: SBI moves NCLT against debt-ridden IVRCL as deadline looms

Hyderabad, 11 December: State Bank of India(SBI) on Monday moved the National Company Law Tribunal(NCLT) against Hyderabad-based infrastructure company IVRCL as the deadline to resolve the large NPA accounts in the second list- outside the NCLT mechanism-was ...
 Business Standard5 days ago

Indian Navy to get 260 software-defined-radio sets

[India] Nov. 29 (ANI): The Defence Ministry on Wednesday approved purchasing of naval communication software worth over Rs. 490 crore. Defence Minister Nirmala Sitharaman chaired the meeting of Defence Acquisition Council (DAC) and approved procurement of ...
 Sify2 weeks ago

RCom's cup of woes spills over

China Development Bank takes Reliance Communications to NCLT over loan default China Development Bank, which lent close to $1.78 billion to Reliance Communications (RCom), has filed an insolvency suit at the National Company Law Tribunal’s (NCLT’s) Mumbai bench after it defaulted on loans.   Indian lenders would oppose the China Development Bank’s petition as they are already working on a debt resolution plan with RCom, said a banking source. The Chinese bank’s ...
 Rediff.com2 weeks ago
Business Standard

Lenders plan to send more companies to NCLT

Tightening of the Insolvency and Bankruptcy Code (IBC) to keep willful defaulters from bidding for assets has given lenders a short in the arm. Banks, armed with the new rule, are gearing up to send more accounts to the National Company Law Tribunal (NCLT), ...
 Business Standard3 weeks ago
Business Standard

After a two-year wait, IVRCL still hopes to find a new investor

Hyderabad, 15 November: With lenders in control of management, the debt-laden infrastructure company IVRCL prefers to do what ever it takes to find a new investor, even if it meant a long wait, before exploring options to decide the future course."We would ...
 Business Standard1 month ago

RBI sets rupee reference rate at 65.4272 against US dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 65.4272 against the US dollar and 76.2161 for the euro. The corresponding rates were 65.0147 and 75.7356 last Friday. According to an RBI statement, the exchange rates for the pound and ...
 Deccan Herald1 month ago

RCom shares in heavy demand; zoom over 16%

Shares of Reliance Communications today saw heavy buying, soaring over 16 per cent, after the company made a debt resolution plan to its lenders.The stock after a positive opening further jumped 15.92 per cent to Rs 18.20 on BSE.At NSE, shares of the company ...
 Business Standard1 month ago
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