In the event the financial institution forces promoters of the company to merge the steel business with them selves in equal ratio,it could quickly recover all around twelve hundred crores immediately. What or that is halting the financial institution from doing this.
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When the promoters VEDL merge the ESL metal with them selves,they have nothing to get rid of .On the other hand, Bank who's sitting down on huge useless investment can Recuperate a significant amount.
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SBI holds about 3 crore shares in unlisted ESL steel.The financial institution has superb financial loans amounting six thousand crores rupees on the organization. In case the bank forces promoters of the business to merge the steel firm with by themselves in equivalent ratio,it may possibly immediately Get better all-around twelve hundred crores quickly.
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