Under strategic debt restructuring (SDR) scheme, Jyoti Structures and its lenders are reportedly planning to convert a large portion of the company's loans into equity. The group of 21 lenders had discussed the conversion modalities and the company had agreed to a SDR scheme. A meeting of the lenders and the company officials is scheduled for next week to further discuss the matter.
Jyoti Structures is solution provider in area of high voltage power transmission lines and substations. The company provides wide range of services from design, engineering consulting, tower testing, manufacturing, construction and project management.
