India: Monnet Ispat lenders restart stake sale process

India: Monnet Ispat lenders restart stake sale process

Photo: Mint

Lenders to Monnet Ispat and Energy Ltd have restarted the process of selling a majority stake in the company, according to an advertisement posted by SBI Capital Markets on its website.

This is not the first time that the investment bank is searching for buyers since lenders invoked strategic debt restructuring (SDR) norms in August 2015.

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