The conditions for approval include the nod of VIL shareholders and conversion of interest liability on the company arising from the deferment of adjusted gross revenue...
The company will issue up to 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) E30-B Series of face value of Rs 10,00,000 each...
If the proposal was accepted, the recovery for fixed deposit holders would have gone up to around 41 per cent from 23 per cent of their total claim earlier...
The development adds an interesting twist in the wrangle over the troubled mortgage financier, weighed down by outstanding debt of well over Rs 91,000 crore...