NCC secured creditors approve debt restructuring scheme

NCC Limited's secured creditors have approved a scheme of arrangement between NCC Infrastructure Holdings Limited and NCC Limited, moving the company closer to finalizing a significant debt restructuring.

Eighteen secured creditors representing 92.25% of total outstanding debt attended the meeting, with seventeen creditors accounting for 89.60% of debt value (INR 2,033 crores) voting in favor of the resolution.