When the lender forces promoters of the company to merge the metal organization with themselves in equivalent ratio,it might right away Get well around twelve hundred crores right away. What or who's stopping the bank from doing this.
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SBI retains all over a few crore shares in unlisted ESL steel.The bank has exceptional loans amounting 6 thousand crores rupees on the company. In the event the bank forces promoters of the corporate to merge the steel corporation with themselves in equal ratio,it could instantly recover about twelve hundred crores right away.
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