Carnival Cinemas now an NPA, YES Bank to recast Rs 800 crore loan

"YES Bank is the sole lender to Carnival Cinemas, they have not been able to service the debt and the bank has now decided to take the matters in its hands," said one of the persons. "The bank has agreed to recast the loan, provided the promoters of the company infuse about ₹400-500 crore capital. Bank is not going to provide any additional loan."

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