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Source: Economic Times
Economic Times
Source
Markets & Economy
Category
4 min
Read time
01 Jul
Published
Markets & Economy
4 min read· Economic TimesJana Holdings to pare Jana Bank stake to repay its bond holders
Jana Holdings plans to reduce its stake in Jana Small Finance Bank to below 10% from 17% to meet bondholder payment obligations, including to TPG Asia. This move will also see the holding company relinquish its 'promoter' status. The company recently received debt restructuring approvals, extending payment deadlines to…
Jana Holdings plans to reduce its stake in Jana Small Finance Bank to below 10% from 17% to meet bondholder payment obligations, including to TPG Asia. This move will also see the holding company relinquish its 'promoter' status. The company recently received debt restructuring approvals, extending payment deadlines to
Source: Economic Times