LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Corporate  :  Reliance Defence gets approval from lenders to exit CDR

Reliance Defence gets approval from lenders to exit CDR (21-Apr-2017)

Reliance Defence and Engineering has received an approval from a consortium of lenders to exit its corporate debt restructuring (CDR) package. The consortium of lenders, led by IDBI, has agreed to the exit plan of the company, a subsidiary of Reliance Infrastructure, with a longer maturity period for loans worth about Rs 6,800 crore. The lenders have also given their go-ahead to implementation of refinancing scheme of the company.

Both the proposals were presented to the CDR Empowered Group's (EG) meeting on March 29 and approved by the requisite majority of CDR lenders.

Reliance Defence and Engineering is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit and another export oriented unit (EOU).  


Top News Today
Bharti Airtel, Hindustan Copper and Commercial Syn Bags to see some action today
(24-Apr-2018)

Bharti Airtel, Hindustan Copper and Commercial Syn Bags to see some action todayBharti Airtel has announced massive network roll-out plans for FY 2018-19 to further expand its high speed mobile data footprint across the state of Gujarat. As a part of its network expansion program......click on news to read complete article.

SAIL inks pact with Airports Authority of India
(24-Apr-2018)

SAIL inks pact with Airports Authority of IndiaSteel Authority of India (SAIL) has inked a pact with the Airports Authority of India (AAI) for utilization of airstrips at its three facilities -- Rourkela, Bokaro and Burnpur -- under the Regional Connectivity......click on news to read complete article.

Jet Airways to start flight services from May under codeshare partnership with AeroMexico
(24-Apr-2018)

Jet Airways to start flight services from May under codeshare partnership with AeroMexicoJet Airways will commence flight services between India and Mexico from next month under a codeshare partnership with AeroMexico. The Codesharing allows an airline to book its passengers on its partner......click on news to read complete article.

International Stock News
US markets closed mostly lower; S&P reports minor gain
(24-Apr-2018)

US markets closed mostly lower; S&P reports minor gainThe US markets closed mostly lower on Monday, as investors grappled with rising bond yields and a mixed bag of earnings reports. The closely watched yield on the 10-year Treasury note climbed, settling......click on news to read complete article.

Asian markets trade mostly in red in early deals on Monday
(23-Apr-2018)

Asian markets trade mostly in red in early deals on MondayMost of the Asian equity indices are trading lower in the early deals on Monday, following the negative lead from Wall Street on Friday as technology stocks declined. Investors are cautious as they kept......click on news to read complete article.

US markets closed lower on Friday
(21-Apr-2018)

US markets closed lower on FridayThe US markets closed lower on Friday, as weakness in technology and consumer staples shares offset the latest batch of corporate earnings, which largely continued to beat expectations. The selling pressure......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.