Lenders approve Reliance Defence’s CDR exit and refinancing plans

A consortium of lenders led by IDBI has given its approval to the corporate debt restructuring exit plan of Reliance Defence and Engineering Ltd. (RDEL), a subsidiary of Reliance Infrastructure. The lenders have also given their go-ahead for the implementation of refinancing scheme of RDEL.

Both the proposals were presented to the CDR empowered group’s (EG) meeting on March 29, 2017 and were approved by the requisite majority of CDR lenders. The Reserve Bank of India (RBI) had also given it nod for RDEL to exit the CDR package.

The lead lender of the consortium IDBI has also written to the Ministry of Defence confirming the approval granted by CDR group to RDEL’s CDR exit plan and refinancing scheme.Read More…


Credit By  : Business Standard

You may also read!

Troops Sent Back 63 Tonnes Of Garbage From World’s Highest Battlefield

Siachen troops have removed and sent back more than 63 tons of garbage to the Base, the Army today


India Declares Unflinching Commitment To Palestinian Cause

India’s commitment to the Palestinian cause and its solidarity with the Palestinian people can never be undermined, External Affairs


Commanders Of Tri-Services To Discuss Jointness

The 34th Tri Services Commanders Conference (South) will be hosted the Southern Command from 20-21 September.


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu