Lanco Infratech Ltd (LAIN.BO)
12 Dec 2013
|Market Cap (Mil.):||Rs16,854.63|
|Shares Outstanding (Mil.):||2,407.80|
MUMBAI - Lanco Infratech Ltd has started a process to restructure debts totaling 75 billion rupees after economic weakness impacted the performance of some of its businesses such as power and engineering and construction.
(Recasts with company confirmation, changes debt figure in first paragraph, adds details)
MUMBAI, July 27 - Indian infrastructure builder Lanco Infratech Ltd has started discussion with its bankers to restructure debt worth 90 billion rupees ($1.5 billion) as a weak economy takes a toll, the Business Standard newspaper reported on Saturday.