Loan & Debt31 Aug 2026, 09:07 am
B. L. Kashyap to settle Right of Recompense for ₹52.5 Cr
AI Summary
B. L. Kashyap and Sons Ltd has received communication from its Lead Bank regarding the settlement of Right of Recompense (ROR). The company is required to pay ₹52.5 crore to CDR lenders by March 31, 2027, along with other stipulated terms. This settlement is subject to approval from other consortium lenders. The company will proceed with the settlement terms upon receiving necessary approvals and will provide further updates on material developments.
Key Highlights
- Company to settle Right of Recompense (ROR) with CDR lenders.
- ROR amount payable is ₹52.5 crore.
- Settlement deadline is March 31, 2027.
- Terms are subject to consortium lenders' approval.
- Further disclosures will be made on material developments.
Price Impact
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