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Last Updated : Apr 01, 2016 04:14 PM IST | Source: CNBC-TV18

Excl: Lenders refinance Rs 2500 cr of JSPL's debt via 5/25

JSPL has total debt of over Rs 45,000 crore, of which Rs 2,500 crore is likely to be restructured, sources say.


Jindal Steel & Power (JSPL) has managed to avert a loan default situation as lenders have agreed to refinance part of the company’s debt under 5/25 restructuring norms, reports CNBC-TV18.


JSPL has total debt of over Rs 45,000 crore, of which Rs 2,500 crore is likely to be restructured, sources say.

Axis Bank, Bank of Maharashtra, EXIM Bank, HDFC Bank, Andhra BankCorporation Bank and Punjab & Sind Bank, among others have exposure to the company’s debt.

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First Published on Apr 1, 2016 03:22 pm
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