HCC gets breather under S4A Scheme as banks approve debt recast - News Summed Up

HCC gets breather under S4A Scheme as banks approve debt recast


HCC has debt of Rs 5,000 crore, of which the 'sustainable loan' would be Rs 2,700 crore. "The banks have 90 days to decide what they will do with the unsustainable loan. We also have Rs 2,400 crore of assets that can be monetised. The company, currently, has a market capitalisation of Rs 1,873.88 crore. "We have a claim of Rs 2,700 crore.


Source: Economic Times July 13, 2016 20:15 UTC



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