Lenders to decide on converting loans into equity/debentures in 3 months
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Hindustan Construction Company (HCC) has become the first firm to get relief under the Reserve Bank of Indias Scheme for Sustainable Structuring of Stressed Assets (S4A) for its Rs 4,900-crore debt.
According to the scheme, banks can convert half the companys loans into equity/redeemable optionally convert…
Read the full article at: http://www.business-standard.com/article/companies/hcc-first-to-get-debt-relief-under-new-rbi-scheme-116071300855_1.html