When the lender forces promoters of the organization to merge the steel firm with themselves in equivalent ratio,it could promptly recover all over twelve hundred crores instantly. What or that is stopping the financial institution from doing this.
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SBI retains about a few crore shares in unlisted ESL metal.The bank has excellent loans amounting six thousand crores rupees on the corporate. If your lender forces promoters of the corporate to merge the metal corporation with them selves in equal ratio,it may right away recover about twelve hundred crores right away.
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