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Troubled Petra Concludes Debt-for-Equity Restructuring March 15, 21 by John Jeffay (IDEX Online) - Petra Diamonds has concluded the debt-for-equity restructuring which should secure its future. The UK-listed miner failed to attract a buyer for its three mines in South Africa as revenues plunged a nd it struggled to repay $650m of debts.  The deal it has now struck reduces shareholders stake in the company to just nine per cent. Its debts have been being replaced by $337m in new notes—$30m from existing debtholders and the rest converted into equity. Petra s assets include the iconic Cullinan mine, source of the largest rough gem-quality diamond ever - the 3,106.75-carat Cullinan Diamond that became part of the British Crown Jewels. 

South africaUnited kingdomFree stateAdonis pouroulisJohn jeffayRichard duffyTroubled petra concludes debt for equityUnited kingdom listedCullinan diamondBritish crownஒன்றுபட்டது கிஂக்டம்இலவசம் நிலைரிச்சர்ட் டஃபிஒன்றுபட்டது கிஂக்டம் பட்டியலிடப்பட்டுள்ளதுகுல்லினன் வைரம்பிரிட்டிஷ் கிரீடம்