McLeod Russel exits insolvency after ₹1,050 crore NARCL deal
pre-market1 source ↓written by the desknot a recommendation
- debt restructuring
- ₹1,050 crore
- of the company's
- 75.02%
McLeod Russel will withdraw its insolvency petition following NCLT approval for a ₹1,050 crore debt restructuring with NARCL. This plan consolidates 75.02% of the company's institutional debt, aiming to restore operations for India's largest bulk tea producer. The timely execution of this resolution is crucial for stabilizing the company's financial standing.
Not investment advice. For informational purposes only.