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BHUSHAN STEEL LTD. - Clarifies on News Item
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05 Jun 2015
With reference to the news flashed on CNBC TV 18, dated June 05, 2015 captioned &quot;Bhushan Steel gets lenders NOD for restructuring.&quot; Bhushan Steel Ltd has Clarified to BSE as under:&lt;BR&gt;&lt;BR&gt;&quot;As referred in the news, on 15th December 2014, RBI announced a scheme for long term structuring of Loans in line with Cash Flows. The Joint Lenders Forum have agreed to extend the Loans of BSL for a tenure of 25 years under the said scheme. However, the respective authorities of the banks have to approve the scheme, which is under process with the respective banks.&lt;BR&gt;&lt;BR&gt;We have received the sanction from some banks only however the sanction from rest of the Banks are still awaited.&quot;
View all announcements for BHUSHAN STEEL LTD. Source: BSE India