Skip to main content

Paramount Comm - Proposal for Corporate Debt Restructuring under CDR System and signing of Debtor-Cr

By
Paramount Comm - Proposal for Corporate Debt Restructuring under CDR System and signing of Debtor-Cr
Category  :  Corporate News
Date  :  Aug-23-2010 09:58

Paramount Communications Ltd has informed that the Company has requested State Bank of India, the lead bank under consortium arrangement to make a reference to Corporate Debt Restructuring (CDR) forum for restructuring of its debts under CDR system and also requested other lenders to support the restructuring under CDR. The Company on August 20, 2010 has executed debtor-creditor agreement in favor of CDR Cell & lenders based on approval of the Board of Directors of the Company in their meeting held on August 12, 2010.

Comments

Post a Comment

Popular posts from this blog

The fantastic

By
Beat them up
Post a Comment
Read more

Significance of Managerial Economics

By
As per Prof. Baumol - The three main contributions of economic theory to business economics are - Building analytical models which help in recognising the structure of managerial problems and eliminating the minor details which might hamper decision making and distracts from the main issue. ME can develop tools that may not directly apply to the issue but may enhance the abilities of Business analyst so that he can analyse the issue in much detail and provide a efficient solution. ME provides clarity in various concepts in the business analysis that enables managers to avoid conceptual pitfalls. Decision making in today's business involve a great amount of risk and uncertainty due to uncertain market forces like - policies, demand & supply, changing business environment, political changes etc. This uncertainty and risk in decision making can be greatly reduced if the business conditions and environment in which a business operates can...
Post a Comment
Read more

Mixed trend in spot rubber

By
Mixed trend in spot rubber Description  :  Industry Date  :  Aug-17-2010 The spot rubber yesterday witnessed a mixed trend. Due to the lack of large buying commitments by most of the traders, the market lost its direction in leading grades. The sheet rubber closed unchanged at Rs 184 a kg amidst scattered transactions. Meanwhile, due to the short supply, the latex 60 per cent recovered. The Board's rate remained firm at Rs 183 a kg for RSS 4. The domestic rubber futures of September series surged to touch a high of Rs 177.28 and low of Rs 174.40 a kg for RSS 4. In the international market, RSS 3 fell due to the strengthening of yen against the dollar and on concern that demand for the commodity used to make auto tyres may weaken. On National Multi Commodity Exchange (NMCE), the September series surged to Rs 176.41 (173.55) followed by October to Rs 169.20 (164.63) and November to Rs 166.50 (161.51) while the December series closed its debut trading at Rs 167 ...
Post a Comment
Read more