Shree Ganesh Jewellery House has approached State Bank of India (SBI), the lead bank of the consortium for referring the matter to Corporate Debt Restructuring (CDR) Cell for restructuring of its debts. The flash report for the same is being submitted to the lead bank and SBI has convened the consortium meeting of all the bankers on December 20, 2013.
Corporate Debt Restructuring or CDR is a mechanism adopted in India, which permits viable companies additional time to meet debt obligations, subject to certain terms and conditions.
Shree Ganesh Jewellery House is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Its products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc.
Company Name | CMP |
---|---|
Titan Co | 3289.10 |
Kalyan Jewell.India | 398.05 |
Rajesh Exports | 301.20 |
Sagar Diamonds | 29.45 |
Senco Gold | 864.10 |
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