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Peekay's promoters could decide to reduce the debt burden by reducing their stake in one of the subsidiary businesses. If the current trend continues, the business will eventually turn sick, all stakeholders stand to lose. The key here is to work out a debt-restructuring plan with the FIs wherein all stakeholders take an equal share of the losses.
Peekay's promoters could decide to reduce the debt burden by reducing their stake in one of the subsidiary businesses. If the current trend continues, the business will eventually turn sick,…