BGR Energy to restructure ₹3,736 crore debt, allot 20% equity to NARCL
- BGR Energy will restructure ₹3,736 crore of debt and allot NARCL 20% equity
- It will repay ₹1,245 crore of sustainable debt by September 2030
- The company will share 75% of recoveries from certain claims with NARCL
- Debt restructuring may ease pressure on BGR Energy, but the NARCL equity allotment dilutes shareholders