Banks back revised JSW offer for Bhushan Power and Steel

Nearly 90% of lenders voted in favour of Sajjan Jindal-promoted JSW’s bid, which has offered upfront payment of Rs 19,300 crore to banks in lieu of the loans they have to recover from debt-laden Bhushan Power and Steel (BPSL).

from Banking/Finance-Industry-Economic Times https://ift.tt/2OuyQDG