Lenders approve IL&FS' debt recast proposal for CNTL

The three-day voting opened on March 21 and saw the lenders favouring debt recast as it offers them 99 per cent of their money while unsecured lenders will get back 90 per cent. The new proposal values the company at Rs 5,257 crore and will address Rs 4,910 crore of the IL&FS Group debt.

from Banking/Finance-Industry-Economic Times https://ift.tt/3r7XENI