Wednesday, August 17th, 2022 18:01:19

KV Kamath Committee selects 26 sectors which will require restructuring: Ambience Group

Updated: September 22, 2020 1:03 pm

“The KV Kamath Committee has selected 26 sectors, including real estate and construction, that will require restructuring. The current times in the aftermath of the COVID-19 pandemic require extra-ordinary measures. Restructuring is certainly one of them. However, timely action is needed to bail out the sector. As the sector continues to face challenges in terms of a large debt and reduced liquidity, loan restructuring as recommended by the Committee will go a long way in benefitting the sector and its stakeholders.” Ankush Kaul, President (Sales & Marketing) – Ambience Group- Said

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