McLeod Russel India to Consider Q1 Results and Delisting from Calcutta Stock Exchange
McLeod Russel India Limited has scheduled a board meeting for August 14, 2025, in Kolkata. The agenda includes reviewing unaudited financial results for Q1 ending June 30, 2025, and considering voluntary delisting from the Calcutta Stock Exchange. The company will maintain listings on BSE and NSE. A trading window closure for insiders is in effect from July 1, 2025, until 48 hours post-results publication.
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.