RINL’s SBI-led lender consortium to go for uniform debt rejig

Lenders have formed a consortium led by SBI to create a uniform debt resolution plan for RINL, which has been operating at one-third capacity. SBI Capital Markets is preparing the plan. RINL has missed payments and was downgraded to default category, but received a Rs 1,650 crore infusion from the government recently.

from Economic Times https://ift.tt/Xy7SOm2