Cyrus Investments (CIPL) is seeking approval from its NCD holders to withdraw ₹100 crore from a portfolio holding company (PHC) deposit account. This withdrawal is part of the ₹216.8 crore dividend received in FY26. The remaining ₹116.8 crore, considered an excess dividend, will be transferred to a cash top-up account as per the debenture trust deed.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets