Goldman Sachs-led group offers Rs 1,800 crore lifeline to Birla Group's Kesoram

Goldman along with an Edelweiss fund have agreed to infuse Rs 1,600 crore in the form of 5 year debentures. Another Rs 200 crore will be used for working capital requirements and other general corporate purposes as part of RBI's resolution plan for stressed assets. There is a possibility of a third investor but that is not yet finalised.

from Banking/Finance-Industry-Economic Times https://ift.tt/39zNjYa