McLeod Russel
39.41
-2.29(-5.49%)
Market Cap₹411.66 Cr
PE Ratio-1.93
Company Performance:
1D-5.49%
1M-0.25%
6M+3.77%
1Y+20.78%
5Y+80.37%
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More news about McLeod Russel
16Mar 25
McLeod Russel India's ₹1,104 Crore Debt Transferred to NARCL at 36% Discount
McLeod Russel India Limited's debt of ₹1,104.69 crore has been transferred to the National Asset Reconstruction Company Limited (NARCL) by a consortium of lenders. The transfer occurred at a 36% discount, with NARCL acquiring the debt for ₹700 crore. The deal structure involves a 15:85 cash-to-security receipts ratio with a 5-year repayment tenure. This move is expected to simplify McLeod Russel's debt management, provide financial relief, and potentially facilitate a business turnaround for the tea industry player.
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McLeod Russel
39.41
-2.29
(-5.49%)
1 Year Returns:+20.78%
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