Lanco Infratech Limited has informed the Exchange that the Company has initiated the process of Corporate Debt Restructuring (CDR) prescribed under the Reserve Bank of India (RBI) guidelines by way of reference to CDR Cell. The proposal is only for Lanco Infratech Limited not for any of its subsidiaries. Corporate Debt Restructuring or CDR is a mechanism adopted in India which permits viable companies additional time to meet debt obligations, subject to certain terms and conditions.

distributed by