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Friday, January 10, 2020

HCC lenders to hive off Rs 2,100-crore of company’s debt into third-party SPV

HCC lenders to hive off Rs 2,100-crore of company’s debt into third-party SPV
The proposal to hive off the debt into an SPV in a “slump sale” is awaiting final approval from lenders. The move “will significantly deleverage the company and address its asset-liability mismatch,” the company said on Friday.

Source: TFE