AIR INDIA TO RESTRUCTURE DEBT THIS MONTH

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By TESTCustomwebLP TESTCustomwebLP January 17, 2011 10:19

AIR INDIA TO RESTRUCTURE DEBT THIS MONTH

SBI Caps expects to close the debt restructuring plan of Air India later this month or early February, according to its CEO.

S Vishvanathan said: “We are hopeful of closing this exercise by the end of January or early next month. We hope Deloitte will submit its report soon so that we can meet this deadline. We expect the Deloitte report shortly.”

Deloitte has been appointed to ratify a prospective financial restructuring plan for airline, which was prepared by SBI Caps, the capital markets arm of the State Bank Group.

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By TESTCustomwebLP TESTCustomwebLP January 17, 2011 10:19
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