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Litigation Finance To The Rescue Of Infrastructure Companies
Litigation financing may help engineering and construction companies restructure debt.
12 Mar 2019, 02:03 PM IST
Last week lenders to engineering and construction company Hindustan Construction Company Ltd. approved a resolution plan that restructures over Rs 4,000 crore of its total debt. Some portion of that debt will be converted into long term equity-like instruments leaving the company with a serviceable amount of loans.More interesting though is a new feature in the resolution plan. HCC has over Rs 10,000 crore in claims that are currentl...
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