Patel Engineering Npa News

Companies

Banks invoke S4A to recast Patel Engineering’s Rs2,963.5 crore debt

Under the S4A norms, Patel Engineering's debt of Rs2,963.5 crore will be categorized into two partsRs1,724 crore of sustainable and Rs1,239.5 crore of unsustainable debt

2 min read14 Nov 2017
Companies

Eight Capital asks Patel Engineering’s lenders to convert debt into NCDs

In turn, Eight Capital has offered to pay the banks 7% interest every time Patel Engineering’s receivables get converted into cash

1 min read10 Oct 2017

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