The debt of ₹4,300 crore is ready for disbursement upon delisting of RCap shares from the stock exchanges.
The administrator and the CoC have to complete certain procedural formalities such as delisting of equity and non-convertible debentures (NCD), creation of trust for transfer of excluded assets, capital reduction, release of all charges on assets of RCap. These steps are expected to take around four to six weeks.
This story is from the December 16, 2024 edition of Financial Express Chennai.
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This story is from the December 16, 2024 edition of Financial Express Chennai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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