Tag: Jindal exits Corporate Debt Restructuring

Jindal Stainless exits Corporate Debt Restructuring

Jindal Stainless Limited (JSL), India’s largest stainless steel manufacturer, announced it has successful exit from the Corporate Debt Restructuring (CDR) framework with effect from March 31, 2019. JSL received a letter from the consortium of CDR Lenders to this effect. Pursuant to this, existing CDR lenders have realised the full recompense of about Rs 275…