Lanco Infratech initiates process for Corporate Debt Restructuring

Lanco Infratech has initiated the process of Corporate Debt Restructuring (CDR) prescribed under the Reserve Bank of India (RBI) guidelines by way of reference to CDR Cell. The proposal is only for the company and not for any of its subsidiaries.

CDR is a mechanism adopted in India which permits viable companies additional time to meet debt obligations, subject to certain terms and conditions.

Lanco Infratech, one of the India’s largest integrated infrastructure conglomerates, is headquartered in New Delhi Region and has employee strength of 5,135.