Loan & Debt29 Sept 2026, 06:41 pm
Mcleod Russel Signs Debt Restructuring Agreement
AI Summary
McLeod Russel India Limited has entered into a Master Restructuring Agreement (MRA) with National Asset Reconstruction Company Limited (NARCL) and Mr. Aditya Khaitan. The agreement aims to restructure the company's outstanding debt, which totals ₹2,483.31 Crore, comprising ₹1,050 Crore of sustainable debt and ₹1,433.31 Crore of unsustainable debt. Key terms include repayment of sustainable debt by FY2029, formation of a monitoring committee, and allotment of 10% equity shares to NARCL with anti-dilution protection. Mr. Aditya Khaitan is a promoter, while NARCL is not related to the promoter group.
Key Highlights
- Signed Master Restructuring Agreement (MRA) with NARCL and Aditya Khaitan.
- Total outstanding debt to be restructured is ₹2,483.31 Crore.
- Sustainable debt of ₹1,050 Crore to be repaid by FY2029.
- Company to allot 10% equity shares with anti-dilution protection.
- A monitoring committee will oversee restructuring implementation.
Price Impact
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