Lenders refuse more time for JSW Steel to close BPSL deal

摘要

In an interesting development, financial creditors have rejected JSW Steel’s plea seeking more time to complete the deal for taking over the bankrupt Bhushan Power and Steel amid the Covid crisis. Earlier, JSW Steel had asked the lenders to extend the deadline for making payment of Rs.19,700 crore till next March as the debt-raising has become difficult due to the economic uncertainty unleashed by Covid pandemic.