 "Bhushan Steel zooms on talk of lenders extending loan tenure")
The company's lenders have agreed to restructure the loans and extend the tenure of the loans to 25 years from 8 years earlier under the Reserve Bank of India's 5:25 scheme, according to a news report on CNBC TV 18.
Meanwhile, the company in a release today said that the Bombay Stock Exchange has sought clarification on the news captioned "Bhushan Steel gers lenders NOD for restructuring.".
The stock opened at Rs 50.10 and touched a high of Rs 60.50. At 12:35PM, over 2.3 million shares were traded on the stock exchanges.
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