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| Exchange Disseminated Time | Ind-Swift Ltd has informed BSE that the proposal of the Company for restructuring of the Debt has been approved by the Empowered Group of Corporate Debt Restructuring (CDR) Cell communicated vide its letter of approval (LOA) dated December 27, 2012.
Pursuant to the terms and conditions of LOA, the Master Restructuring Agreement (MRA) has been executed between the Company and the lenders on March 28, 2013.
The cut-off date for the CDR package shall be July 01, 2012.
The CDR package envisages restructuring of existing outstanding Term loans and Working capital facilities (excluding ECB/ECTL Loans), repayment moratorium, revision in rate of interest. |
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