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BHUSHAN STEEL LTD. - Clarifies on News item
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09 Jul 2015
With reference to the news item appearing in Financial Chronicle dated July 9, 2015, titled &quot;Lenders clear Rs 30,000 cr debt rejig for Bhushan Steel&quot;, Bhushan Steel Ltd has Clarified to BSE as under:&lt;BR&gt;&lt;BR&gt;&quot;We have already submitted our clarification vide our letter dated June 5, 2015 that the Joint Lenders Forum have agreed to extend the Loans of BSL for a tenure of 25 years under the scheme announced by RBI and the approval of the scheme is under process with the respective banks.&lt;BR&gt;&lt;BR&gt;Presently about 70% of the Banks have approved the scheme and sanction from rest of the Banks is under process which is expected within a month or so.&quot;
View all announcements for BHUSHAN STEEL LTD. Source: BSE India