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Pipavav Defence to exit CDR post RInfra's open offer

Pipavav Defence to exit CDR post RInfra's open offer

Pipavav Defence & Offshore Engineering plans to exit the corporate debt restructuring (CDR) package, post Reliance Infrastructure open offer.

ABG Shipyard in talks with Privinvest for strategic stake sale

The company did not offer any clarity on the equity percentage to be sold, but Privinvest is expected to buy up to 49 percent through fresh equity worth Rs 1,000 crore.

CDR referrals touch record Rs 1.09 trillion till December

Banks referred a record Rs 1.09 trillion worth of stressed assets to the corporate debt restructuring (CDR) cell between April and December, exceeding the level of Rs 91,400 crore for all of the previous financial year, an official said today.

Loan recast has gone "out of control": RBI official

"Till March 2011, things were manageable. We had around Rs 1.1 lakh crore in recast loans, but now if you see, things are quite out of control. It has gone up to Rs 2.7 lakh crore," he said at the annual Bancon here.

Bankers defer Rs 7,000-cr CDR plan of Electrosteel

The consortium of 27 banks has deferred plans to recast Rs 7,000-crore loan extended to the troubled Electrosteel Steels due to differences over terms of the proposal, including fresh capital infusion and corporate guarantee that promoters are supposed to bring to the table.

Suzlon implements $1.8 billion debt recast plan

The completion of the Corporate Debt Restructuring (CDR) package would pave the way for Suzlon to normalise "business operations" and improve overall performance.

Essar Oil completes exit from CDR

India's second-largest private sector refiner said the CDR loan facility has been replaced with a new debt facility of about Rs 9,100 crore on commercial terms from similar group of lenders.

Suzlon Energy gets lenders nod for Rs 9,500 cr CDR plan

Wind energy major Suzlon Thursday said its lenders, comprising 19 banks led by the SBI, have approved its proposal to rejig Rs 9,500 crore of domestic debt, providing a big relief to financially troubled company.

Banks' bad loans soar by up to 86% in first half

The sharp rise in bad loans for the banks comes at a time when the number of corporate debt restructuring (CDR) cases has also grown to record-high levels.

Suzlon in talks with lenders for restructuring plans

Suzlon Energy Ltd., India’s biggest and the world’s fifth largest wind turbine company, has initiated talks with its lenders to restructure its debt.

Corporate debt restructuring cases cross 100-mark in 2012

A total of 101 cases have been referred for Corporate Debt Restructuring (CDR) in 2012 as on September 30, involving a collective debt amount of close to Rs 64,000 crore, as per the data available with the CDR cell of bankers.

Bank, realty stocks tumble after RBI leaves rates on hold

Banking stocks witnessed the steepest hit, with SBI plunging 4.43 percent, while ICICI Bank fell by 2.21 percent.

Despite exit by small lenders, banks still prefer CDR cell

Despite some small private sector banks opting out of the corporate debt restructuring (CDR) cell, experts are of the opinion that most lenders will continue to be part of this forum as a consortium approach gives a lot of comfort over taking an individualistic route.

CDR biased towards privileged customers: Chakrabarty

The corporate debt restructuring (CDR) process followed by banks, especially state-run lenders, is "biased towards more privileged customers", Reserve Bank Deputy Governor K C Chakrabarty said on Saturday.

Essar Oil receives approval to exit CDR loan facility

The CDR facility will now be replaced with a new debt facility of about Rs 9,400 crore, it said.

Sectoral caps will not come in way of CDRs

Corporate debt restructuring (CDR) being undertaken by banks owned by non-residents will not be hit by sectoral foreign direct investment (FDI) caps.

GTL seeks shareholders' nod for Rs 554 cr debenture issue

Telecom infrastructure company GTL has sought shareholders' approval for issue of securities worth over Rs 554 crore to its promoters as well as lenders as part of corporate debt restructuring efforts.