Royale Partners’ resolution plan for EPC Construction gets

The foreign investor has offered to put in around Rs 900 crore to revive the company, which owed more than Rs 7,700 crore to its financial and operational creditors. The company’s lenders had approved the plan earlier this year, with 73% of them based on the outstanding debt voting in favour of Royale Partners.

from Banking/Finance-Industry-Economic Times https://ift.tt/35FqHAt