Aircel gets SBI-led lenders\' nod to restructure debt

作者:Anastasia 時間:2018-01-31 19:01:30 標籤: 分類:

Aircel is likely to enter the Strategic Debt Restructuring (SDR) process after State Bank of India (SBI) agreed to convert the company's debt to equity, according to a report by The Economic Times.

However, the debt recast will require the approval of the Delhi High Court. SBI, which is the leader of the consortium of lenders to Aircel, was earlier reluctant towards SDR.

The lenders will now pick up shares in the telecom operator to replace their loans and may recover the dues following an eventual sale of assets or of the company itself.

date = new Date(); date.setTime(date.getTime()+(1*24*60*60*1000)); $.cookie("dfp_cookie_article", "Y1", {expires: date,path:"/",domain: ".moneycontrol.com"});

People familiar with the development told the newspaper, "Under the SDR, banks will convert their loans to shares so that Aircel's cash flow can be used to service what is left."

date = new Date(); date.setTime(date.getTime()+(1*24*60*60*1000)); $.cookie("dfp_cookie_article", "Y1", {expires: date,path:"/",domain: ".moneycontrol.com"});

related news

Ola eyes Australia market in tussle with global rival Uber

Service charge withdrawal hits IRCTC's e-tickets FY17 revenue

It remains unclear if the banks will take a majority stake in the telecom operator as the final structure and value is still under discussion.

Ever since Aircel's talks to merge with Reliance Communications failed in September last year, the company has been considering SDR to reduce its debt. However, its lenders were reluctant because Aircel was embroiled in a corruption suit in the Supreme Court.

The operator had around Rs 15,500 crore of borrowings with an estimated sustainable debt of Rs 5,500 crore, which would entail a recast of Rs 10,000 crore.

本文來源:http://www.moneycontrol.com/news/business/companies/aircel-gets-sbi-led-lenders-nod-to-restructure-debt-2494371.html

Apr. 10th 2016

如何選擇美容機構

美容

我們在選擇美容減肥機構之前,就應該更充分了解美容機構好不好的問題,比如美哪家美容中心好。

Apr. 15th 2016

食療養生

養生

如何進行正確的食療養生呢?一個最簡單的方法就是要保持健康的材料,只有食材健康,其他的都會隨之而來應對。

Apr. 18th 2016

台灣旅遊

旅遊

台灣的阿裏山的風俗習慣依然保留着中國清朝等古代的風俗習慣,並且還擁有美麗的日月潭、花蓮海等等知名景點。

Apr. 20th 2016

金融管理人才

金融

一個成功的企業家往往也可以被稱之為半個金融學管理人才,在很多的優秀企業的老闆中,有很大一部分都是懂得金融管理的。