From Tata Power to TVS, over 320 firms queue up for moratorium breather

Piramal, Tata Power, and TVS group units figure in list

Tata Power, Piramal Enterprises, and TVS group units are among over 320 firms to have sought the moratorium on repayment of loans.
 

The Reserve Bank of India’s (RBI’s) regulatory package is expected to give a breather to entities, including financial sector players, to assess the impact of disruptions, and then chalk out a strategy to deal with the extended downturn.
 

ICRA said rated entities have sought a three-month moratorium on payments from lending institutions. These corporates have either received approval after the original due date, or are yet to receive the same. The Securities and Exchange Board of India (Sebi),