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GVR Infra Projects Rs.2,122 cr debt recast plan sent to overseeing panel

GVR Infra Projects Rs.2,122 cr debt recast plan sent to overseeing panel

Saturday, March 18, 2017, 11:55 AM

Lenders to Chennai-based GVR Infra Projects have sent their proposal to recast the company’s debt of Rs.2,122 crore through the S4A route to the overseeing committee (OC), mandated by the RBI. According to bankers, there were some technical problems regarding the company’s proposal which have now been fixed by the joint lenders’ forum led by SBI and sent for the approval from the OC.
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