The creditor banks of Visa Steel are to take over the company, because debt restructuring has failed.Rules introduced by the Reserve Bank of India last June allow the lenders to do so by converting theirdebt into equity. They can hold the shares for 18 months while they look to sell assets or replace acompany's management.
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机译：Visa Steel的债权人银行将接管该公司，因为债务重组失败。印度储备银行（Reserve Bank of India）去年6月推出的规则允许贷方将其债务转换为权益。他们打算出售资产或替换公司管理层时可以持有股票18个月。
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