Tag «Financial Restructuring»

Financial Restructuring of Andrew Yule & Company Limited (AYCL)

The Cabinet Committee on Economic Affairs (CCEA) today approved the financial restructuring plan of Andrew Yule Company Limited (AYCL) involving conversion of outstanding Government of India (GOI) loan of Rs.41.52 crore into equity, waiver of interest of Rs.33.43 crore accrued thereon, waiver of differential interest arising out of reconciliation of books of accounts of the …