HCC transfers ₹2,854 crore debt to Prolific Resolution
pre-market1 source ↓written by the desknot a recommendation
- in debt
- ₹2,854 crore
- to PRPL
- ₹6,508 crore
Hindustan Construction Company has shifted ₹2,854 crore in debt to Prolific Resolution Pvt Ltd as part of a lender-backed restructuring plan. This move reduces HCC's consolidated debt exposure and aims to enhance financial transparency and lender confidence.
The restructuring also involves transferring arbitration awards and claims worth ₹6,508 crore to PRPL, allowing HCC to focus on infrastructure projects across various sectors.
Not investment advice. For informational purposes only.