McLeod Russel Accepts NARCL Debt Restructuring

McLeod Russel accepted a debt restructuring sanction letter from NARCL, representing 75.02% of lenders by value.
The company must pay ₹1,050 crores in sustainable debt to NARCL by 15 February 2029.
NARCL will receive 10% equity via conversion of unsustainable debt and a pledge of promoter shares.
Discussions are ongoing with the remaining 24.98% of lenders for restructuring or settlement.