Mcleod Russel: ₹150 Cr OTS Accepted from JCF ARC
Mcleod Russel India Ltd's board approved a One-Time Settlement (OTS) of ₹150 crores with J.C. Flowers Asset Reconstruction Private Limited (JCF ARC) to settle outstanding dues, representing approximately 20.58% of the total institutional loan as of December 31, 2025. The settlement is payable in tranches by June 30, 2027. The company had previously obtained a sanction letter from National Asset Reconstruction Company Ltd (NARCL) representing approximately 75.02% for debt restructuring. The board also approved the re-appointment of Mr. Aditya Khaitan as Managing Director for three years and the execution of a Memorandum of Understanding (MoU) for the proposed disposal of assets of Mathura Tea Estates for part-payment of debt.
Key Highlights
- Mcleod Russel accepts ₹150 Cr OTS from JCF ARC, settling 20.58% of institutional loan.
- Settlement value of ₹150 crores is payable in tranches by June 30, 2027.
- Aditya Khaitan re-appointed as Managing Director for 3 years, effective May 17, 2026.
- MoU approved for disposal of Mathura Tea Estates assets for debt part-payment.
- NARCL had previously sanctioned debt restructuring representing 75.02%.
Price Impact
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