-
Essar asked to cut Debt, find investor
- May 21, 2016
- Posted by: BiconAdmin
- Categories: Debt restructuring, Miscellaneous
No CommentsThe joint lenders forum has directed Essar Steel to speed up the process of issuing an information memorandum for attracting potential investment in the company. Saddled with a debt of ₹40,000 crore, the company recently appointed SBI Capital Markets and ICICI Securities to find strategic investors in the company to reduce its debt. This apart,