Sadbhav Engineering completes ₹1,516.71 crores debt restructuring
after close1 source ↓written by the desknot a recommendation
- worth
- ₹1,516.71 crores
- by value
- 77.83%
- by number
- 60%
Sadbhav Engineering Limited has successfully completed its debt restructuring plan worth ₹1,516.71 crores. The restructuring was confirmed by Punjab National Bank, the lead bank, following consortium approval from lenders representing 77.83% by value and 60% by number.
This implementation aligns with the Reserve Bank of India's guidelines and marks a significant step in the company's financial recovery, potentially improving its credit profile and operational flexibility.
Not investment advice. For informational purposes only.