The lenders of Provogue (India) Ltd have invoked the strategic debt restructuring (SDR) in the company.

It said in a BSE filing that “Andhra Bank, the leader of consortium of lenders, has informed the company that at the Joint Lenders Forum (JLF) meeting held on January 25, 2016, the lenders have invoked Strategic Debt Restructuring (SDR) in the company and adopted the ‘Reference Date’ for the purpose as January 25, 2016.”

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