INSUBCONTINENT EXCLUSIVE:
area, as a part of its plan to monetise assets to help revive the cash-strapped company.
The company is dealing with muted cash flows and
huge debt at a time when an alleged fraud in the company has come to light
of its fourteen lenders, constituting 88% of total outstanding credit facilities of the company by value, signed an Inter Creditor Agreement
pact to sell its land at Kanjurmarg to Evie Real Estate for Rs 279.94 crores
With limited capital, our priority will be India business
ET was first to report that the company aims to raise around ?800 crore for which it sought an exemption for the Securities and Exchange
Board of India from a norm that bans companies from accessing the capital market if promoter and directors have been banned from the
markets, as is the case with CG.