SBI sells exposure in Indian Steel Corp to Bain-Piramal’s ARC for ₹362 crore

Tanya Thomas MUMBAI

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. The public sector lender...

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