Home / Knowledge / News / Apparel/Garments / Banks accept CDR proposal of Vishal Retail
Banks accept CDR proposal of Vishal Retail
Nov '09
Banks which include the likes of SBI, HDFC, HSBC, UCO Bank and also LIC have agreed to the proposal of the Delhi based retailer, Vishal Retail for Corporate Debt Restructuring (CDR) of its loans which total up to Rs 7.3 billion.

The CDR cell, which is mainly constituted of bankers will examine the proposal and decide whether the default is due to reasons beyond the control of the company or a wilful default.

The promoters, who have around 62.3 per cent stake in the company, may even have to pledge their holdings to the banks and probably also will have to bring in additional equity.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search