IBC: Lenders Agree To Lose Nearly Everything In Aircel’s Insolvency Resolution
A banner for Aircel Ltd. is displayed outside a mobile phone store in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

IBC: Lenders Agree To Lose Nearly Everything In Aircel’s Insolvency Resolution

Lenders to insolvent Aircel Ltd. accepted a 99 percent haircut by approving a bid by UV Asset Reconstruction Company, according to two people aware of the details.The Committee of Creditors accepte...
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