Essar Oil receives approval to exit CDR loan facility

Last Updated: Thursday, August 9, 2012, 23:33

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

Last Updated: Wednesday, August 1, 2012, 22:54

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

Bharati Shipyard promoters to infuse Rs 118 cr for CDR

Last Updated: Sunday, June 3, 2012, 13:15

The promoters of country's second largest private ship-builder Bharati Shipyard have agreed to infuse Rs 118 crore fresh capital into the debt-laden company, as a precondition for its Rs 5,800-crore debt restructuring plan, sources said.

Rs 10 cr daily loss of AI: Govt

Last Updated: Wednesday, March 28, 2012, 15:27

The government on Wednesday said national carrier Air India was making operational losses of Rs 10 crore every day.

GTL seeks shareholders' nod for Rs 554 cr debenture issue

Last Updated: Saturday, February 18, 2012, 00:22

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.

AI lenders approve Rs 18,000 crore debt restructuring plan

Last Updated: Friday, February 17, 2012, 18:34

Lenders of cash-strapped Air India on Friday approved its corporate debt restructuring plan worth Rs 18,000 crore and decided to provide a fresh cash credit of Rs 2,200 crore.

AI debt restructuring to put Rs 2,000 cr burden on 14 lenders

Last Updated: Wednesday, February 8, 2012, 18:29

There will be a hit of Rs 2,000 crore on the bottom lines of 14 banks due to lower returns and higher provisioning requirements.

GoM approves Air India debt recast

Last Updated: Tuesday, February 7, 2012, 13:28

India's airlines will be allowed to import jet fuel directly, Aviation Minister Ajit Singh said on Tuesday.

Comfort level with Air India 'complete and total': SBI

Last Updated: Thursday, January 19, 2012, 14:25

The comfort level of lenders with Air India is "complete and total," Pratip Chaudhuri, chairman of State Bank of India, the leader of the consortium of lenders to the state-run carrier said on Thursday.

Major jolt to Air India as lenders reject debt restructuring

Last Updated: Wednesday, January 11, 2012, 09:29

A debt restructuring plan for troubled national carrier Air India has been rejected by the airline's lenders, a daily business newspaper reported on Wednesday, as bankers refused to take a stake in the loss-making airline.

RBI okays Air India's debt restructuring plan

Last Updated: Saturday, January 7, 2012, 21:13

The Reserve Bank has approved debt-ridden national carrier Air India's financial restructuring plan, which would enable banks to amortise their provisional losses over 29 quarters, a senior Air India official said here on Saturday.

Finmin has not rejected debt recast plan: Air India

Last Updated: Wednesday, December 28, 2011, 12:02

The finance ministry has not rejected state-run Air India's USD 4 billion debt restructuring plan, but has merely asked for some clarifications and documents, a spokesman for the national carrier said on Wednesday.