Bajaj Hindusthan Sugar, India’s largest sugar manufacturer, has received the Board’s in-principle nod for exploring options for capital restructuring, resolution plan for debt and other corporate restructuring. A decision in this regard was taken at a meeting held on Thursday, according to a regulatory filing.
The board of Tata Steel has given in-principle approval for “exploring/evaluating various options for capital restructuring/ realignment, resolution plan for debt, merger of power business in the group, demerger of existing operations and other corporate restructuring,” the company said.
The board also delegated powers to the company officials to explore/evaluate these various options in consultation with advisors, it added.
Complete News Source : Business Standard
