Maytas Infra the infrastructure company promoted by the tainted and fraud Raju brothers have succeed to restucture its debt and get approval for the same. The comany got its plan approved by the banks and now it will ahve bank and non-bank debt on its balance sheet and will not eb required to pay a single penny till 2012.
The total amount of CDR (corporate debt restructre) is Rs.6 billion out of which Rs.3 billion would be injected immiditaly. Major banks involved are ICICIBank and SBI
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