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SREI NCD Holders Left In The Lurch After Lender Gets Court Protection
Across two orders from the Kolkata NCLT, the SREI Group has secured a standstill on most of its liabilities.
14 Jan 2021, 10:29 AM IST
Debkumar Sur, 34, took to social media this week to complain about stalled payments on investments made in non-convertible debentures issued by SREI Infrastructure Finance Ltd. His retired father invested about Rs 5 lakh in five-year non-convertible debentures issued by the lender in 2017, promising a 9.12% coupon. While repayments have been regular so far, the company didn’t transfer the interest payment this month, Sur, a mechanica...
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