Lenders of cash-strapped Air India today approved its corporate debt restructuring plan worth Rs 18,000 crore and decided to provide a fresh cash credit of Rs 2,200 crore.
Of the Rs 18,000 crore debt restructuring plan, Rs 7,400 crore worth of non-convertible debentures, guaranteed by the government, would be issued, banking sources said here.
From: http://ping.fm/sjB3w
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