Kirloskar Ferrous makes ISMT a Rs 670 crore non-binding offer

The non-binding offer equates to 20 paise on a rupee on total loans, including the interest component. ISMT had a term loan of Rs 3,359 crore, including interest, as of June 30, 2020, according to a disclosure made by the company to the Bombay Stock Exchange.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ZJvN0Y