Monday 12 January 2015

Epic Research Update : Pipavav Defence





Lenders to Pipavav Defence & Offshore Engineering have chosen the corporate debt restructuring (CDR) route to restructure its debt of close to Rs 7,000 crore



Led by IDBI, the bankers will discuss terms and conditions of the CDR package early next week



Lenders to finalise terms and conditions by end-February; however, firm says it is also keen on capex for expansion: BS



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