Lenders to digital education provider Educomp Solutions Ltd are mulling conversion of debt to a majority equity holding under the strategic debt restructuring (SDR) scheme, two bankers in the know confirmed.
“Bankers will be conducting a meeting in the second week of January to take a final call on whether SDR needs to be invoked or not. The company is in a delicate state and decisions need to be made quickly,” said one of the two bankers cited above on conditions of anonymity as these discussions are confidential.
