IMAP India advises New Chennai Township in its financial restructuring

IMAP India has completed the business structuring and settlement financing for New Chennai Township Pvt Limited. The settlement proposal was made by promoter of company under 12A of the CIRP process and approved by more than 90% of the creditors.

The company, New Chennai Township Private Limited is part of Marg Group and is developing a Special Economic Zone (SEZ) near Chennai. This SEZ would be serving as good destination for manufacturing for exports in light engineering business. 

IMAP India assisted the promoter group and company with a sustainable business and financial solution which will help realize best value of the business.

“IMAP looks at medium to Long term approach and really steps into the shoes of the entrepreneur and guides them in a right manner and hand holds the entrepreneur in especially situations where decision making from entrepreneurs perspective become challenging”

Mr. GRK Reddy, Chairman & Managing Director, MARG Group, saying about how IMAP India is different from other investment banking firms.