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Kopran set to rope in Rabo Bank
EPP News Bureau - Mumbai
Mumbai-based domestic pharmaceutical company Kopran’s efforts to recast
its debt seems to be seeing some results.
The company is in the process of looking at roping in Rabo Bank as its strategic
financial partner for a second round of financial restructuring. Rabo Bank is
bringing in around Rs 120 crore into the company.
The company would use this money to pay off some of the institutional investors.
Rabo is also likely to pick a stake in the company.
The corporate debt restructuring cell had approved the financial restructuring
package in 2003. According to sources, even after the restructuring the company
was finding it a problem to pay off its dues.
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