Suzlon implements $1.8 billion debt recast plan

Last Updated: Tuesday, April 23, 2013, 20:56

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

Last Updated: Thursday, April 4, 2013, 21:03

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

Last Updated: Thursday, January 24, 2013, 19:42

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.

Power Ministry seeks Rs 1,200-crore for discom debt rejig in 2013-14

Last Updated: Wednesday, January 23, 2013, 19:19

The Power Ministry will seek financial support of Rs 1,200 crore from the Ministry of Finance, for 2013-14, towards restructuring the debt of the state power distribution companies.

Suzlon's promoters sell 2.11% stake; raises Rs 63 crore

Last Updated: Wednesday, December 26, 2012, 17:03

Suzlon Energy on Wednesday said its promoters have sold shares worth Rs 63 crore as part of corporate debt restructuring mechanism and the funds would be used to reduce liabilities.

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

Last Updated: Sunday, November 18, 2012, 17:49

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

Last Updated: Tuesday, November 6, 2012, 17:37

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

Last Updated: Monday, November 5, 2012, 16:07

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

Last Updated: Tuesday, October 30, 2012, 14:37

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

Last Updated: Sunday, October 28, 2012, 15:16

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.

Discoms debt restructuring package to be linked to performance

Last Updated: Tuesday, September 25, 2012, 18:25

Under the debt restructuring package, the state governments should convert all its loans to equity and all the outstanding energy bills of the state departments or agencies as on March 31, 2012 are to be paid by November 30, 2012.

CDR biased towards privileged customers: Chakrabarty

Last Updated: Saturday, August 11, 2012, 17:59

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.