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Mumbai Metro One restructures debt with NARCL, avoids insolvency
Mumbai Metro One Private Limited has successfully restructured its debt, avoiding insolvency. The company signed a Master Restructuring Agreement with NARCL for Rs 2,771.32 crore. This agreement strengthens the financial position of the metro operator. NARCL will now nominate a director to the company's board. A monitoring committee will oversee the restructuring implementation process.
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economictimes.indiatimes.com
Mumbai Metro One restructures debt with NARCL, avoids insolvency
Mumbai Metro One Private Limited has successfully restructured its debt, avoiding insolvency. The company signed a Master Restructuring Agreement with NARCL for Rs 2,771.32 crore.…
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thehindubusinessline.com
Mumbai Metro line 1 operator’s debt to reduce by more than ₹1.1K cr following debt rejig agreement with NARCL
Mumbai Metro's debt will drop over ₹1,100 crore after a restructuring deal with NARCL, ending insolvency proceedings.
