Rajshree Sugars & Chemicals has received approval for Corporate Debt Restructuring (CDR) from Empowered Group of Corporate Debt Restructuring (CDR EG). This is subject to confirmation of minutes of March 14, 2014 at the ensuing CDR EG meeting. A Master Restructuring Agreement between the Company and all the CDR lenders will be executed.
The company’s board, at its meeting held on March 24, 2014, has decided to accept the terms and conditions of the CDR Package and enters into the Master Restructuring Agreement within the stipulated period of 120 days.
Rajshree Sugars & Chemicals has interests across integrated fields such as sugar, distillery, power and biotechnology.
