SBI sells  exposure in Indian Steel Corp to Bain-Piramal ARC

SBI sells  exposure in Indian Steel Corp to Bain-Piramal ARC

Photo: Reuters

State Bank of India (SBI) has offloaded its 929-crore exposure in Indian Steel Corp. Ltd to India Resurgence ARC, a 50:50 joint venture between Piramal Enterprises Ltd and Bain Capital Credit, to recover 362 crore in cash.

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