 "SBI in talks with PEs, hedge funds to sell Rs 15,431-crore Essar loan")
State Bank of India (SBI) is in talks with a clutch of hedge funds and private equity (PE) players to sell its Rs 15,431-crore loan to Essar Steel.
The bank, also the lead lender for Essar Steel, announced on Wednesday that it was putting its exposure for sale on January 30.
Sources close to the development said ahead of the auction, informal talks were being held between SBI and overseas funds, including Hong Kong-based loan and bond trading firm SC Lowy, which already has an exposure in Essar Steel.
According to the list of financial creditors as
The bank, also the lead lender for Essar Steel, announced on Wednesday that it was putting its exposure for sale on January 30.
Sources close to the development said ahead of the auction, informal talks were being held between SBI and overseas funds, including Hong Kong-based loan and bond trading firm SC Lowy, which already has an exposure in Essar Steel.
According to the list of financial creditors as
