Lenders to take a call to convert loans into equity/debentures in three months
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Construction major Hindustan Construction Company (HCC) has become the first Indian company to get relief under the Reserve Bank of Indias Scheme for Sustainable Structuring of Stressed Assets (S4A) for its Rs 4,900 crore of standalone debt. As per the scheme, half of companys loans can either be converted …
Read the full article at: http://www.business-standard.com/article/companies/hcc-is-first-to-get-debt-relief-under-rbi-s-s4a-scheme-116071300855_1.html