Need strict debt recovery mechanism to boost lending: Andromeda CEO
"As the entire economy is coming back on track, we have witnessed an overall growth of around 30 per cent year-on-year across all the segments. The next financial year we are expecting to continue at the same pace, as the market sentiment is positive and the projections are progressive," Swaminathan said.
Lenders approve IL&FS' debt recast proposal for CNTLThe three-day voting opened on March 21 and saw the lenders favouring debt recast as it offers them 99 per cent of their money while unsecured lenders will get back 90 per cent. The new proposal values the company at Rs 5,257 crore and will address Rs 4,910 crore of the IL&FS Group debt.
https://ift.tt/ZFMEYSH
Post a Comment