GMR's lenders agree to rework power unit's Rs 2,900 crore loans - Business News: Latest News & Videos about market and economy | Trendmergers

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GMR's lenders agree to rework power unit's Rs 2,900 crore loans

GMR Warora had defaulted on interest payments on its loans and bonds last year. The power unit has total debt of ₹2,913 crore, of which 81% is deemed as a sustainable portion. The balance loan is unsustainable, which will be substituted with low-coupon non-convertible debentures as per the deal with the lenders.

from Industry-Economic Times
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