McLeod Russel India

Meanwhile, even as the appeal process is being pursued in NCLAT, the Khaitans are understood to be engaging with IL&FS for a settlement

IL&FS sought to initiate CIRP against McLeod Russel in connection with a default in payment in 2019

Stocks to Watch: KFin Technologies to debut on the bourses today. The stock is likely to list on a tepid note.

Revenues from operations at Rs 425.06 crore were lower by 13.93% from the same period last year

With two rival bids, the once powerful group that owns the world's largest tea producer is in danger of losing control of its last major asset

CMD Khaitan says banks have been very supportive and have come to a conclusion on what debt restructuring resolution should be

Stocks to Watch Today: UCO Bank became the first bank to get RBI nod for Rupee trade settlement a/c with Russia; The Central Bank warns M&M Finance against outsourcing recovery agents.

Carbon Resources has offered an upfront payment of Rs 1,245 crore of an estimated outstanding bank debt of Rs 1,650 crore

The contours of the proposal are like this: of an outstanding bank debt of Rs 1,650 crore, the upfront payment being offered is Rs 1,245 crore

Stocks to Watch Today: Oil related shares are likely to be in focus on Tuesday as the oil ministry sought a review of the windfall profit tax on domestically produced crude oil.

On September 16, 2022, Carbon Resources (P) Ltd bought 4.95 million equity shares, representing 4.73 per cent, of total equity of MRIL

MapmyIndia will be making its debut today, and is expected to list at a premium

Bankers support the company as it engages with them 'very consciously', says CEO Aditya Khaitan.

The earnings season has almost come to an end, going forward individual stocks will react to corporate developments and broader market trend

Plan will have a mix of capital infusion by promoters and recast of balance debt. McLeod owes banks Rs 1,800 cr; with unpaid interest, the total is about Rs 2,300 cr

Private sector IndusInd Bank on Wednesday said it has acquired a 4.79 per cent stake in embattled tea plantation firm McLeod Russel India by invoking 5 mn pledged shares of the company

Sources say offer has been made to P P Gupta of Techno Electric for a minority stake in the firm, who could chip in to help McLeod promoters bring in equity as per debt resolution

Sources say talks between the two parties are on, finer details of a settlement being worked out; top brass of both sides refuse to comment

Once the world's largest tea producer, McLeod Russel, part of the Brij Mohan Khaitan group company, is now India's largest with about 31 estates

The bank invoked pledge on 56,83,320 shares forming 7.82 per cent of paid-up equity share capital of Eveready Industries