 "Bhushan Steel soars 20% on talk of lenders clear Rs 30,000 crore debt rejig")
Shares of Bhushan Steel is locked in upper circuit of 20% at Rs 66 on the BSE on reports that the company has received lenders' approval for long-term restructuring of about Rs 30,000 crore loans under a scheme of Reserve Bank of India (RBI).
The Joint Lenders Forum (JLF) has agreed to extend the loans of Bhushan Steel for tenure of 25 years under the RBI's scheme for long-term structuring of loans in line with cash flows, the PTI report suggests.
Meanwhile, the BSE has sought clarification from Bhushan Steel with reference to the news appeared in the Financial Chronicle on July 09, 2015 captioned "Lenders clear Rs 30,000 cr debt rejig for Bhushan Steel", the exchange said.
The reply is awaited.
Till 1245 hours, a combined 708,818 shares changed hands and there were pending buy orders for 829,578 shares on the BSE and NSE.
The Joint Lenders Forum (JLF) has agreed to extend the loans of Bhushan Steel for tenure of 25 years under the RBI's scheme for long-term structuring of loans in line with cash flows, the PTI report suggests.
Meanwhile, the BSE has sought clarification from Bhushan Steel with reference to the news appeared in the Financial Chronicle on July 09, 2015 captioned "Lenders clear Rs 30,000 cr debt rejig for Bhushan Steel", the exchange said.
The reply is awaited.
Till 1245 hours, a combined 708,818 shares changed hands and there were pending buy orders for 829,578 shares on the BSE and NSE.
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