Deccan Chronicle Holdings (DCHL) has planned to restructure its debts through the corporate debt restructuring (CDR) mechanism. The company has decided to file an application with the Corporate Restructure Cell as per the Reserve Bank of India (RBI) guidelines.
The company has run up debts in the range of Rs 3,200-4,000 crore and has been seeking a recast for a while, as repayments were causing significant stress on the company. It is expected that the CDR application would take about 45 to 60 days for approval though there are instances of the process taking as long as 180 days, depending on the complication in borrowing and employment of the capital.
Deccan Chronicle Holdings is one of the leading publication houses in Andhra Pradesh (AP). Its publications include Deccan Chronicle, Andhra Bhoomi and Financial Chronicle.
| Company Name | CMP |
|---|---|
| D.B. Corp | 214.40 |
| Navneet Education | 157.80 |
| Jagran Prakashan | 67.00 |
| HT Media | 23.96 |
| Hindustan Media Vent | 68.84 |
| View more.. | |
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