Supreme Infrastructure gets nod to restructure Rs 24.1 billion debt under S4A

Supreme Infrastructure has received the nod to restructure its Rs 24.1 billion debt raised from an SBI-led consortium under the Scheme for Sustainable Structuring of Stressed Assets (S4A). Meanwhile, the Reserve Bank of India’s oversight committee has approved the implementation of the S4A resolution plan. Of the total debt of Rs 24.1 billion considered under the S4A scheme, the sustainable debt (Part A) is Rs 12.71 billion (52.75 per cent) and the unsustainable part is Rs 11.38 billion (47.25 per cent).