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Lenders push promoters to pare stake in Ispat

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  • Published On: December 13, 2010
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Steel maker Ispat's woes are mounting. Ispat's lenders are mounting pressure on the company to find a buyer latest by March 2011. Sources say Ispat, which has a long term debt of around Rs 7000 crore through a consortium of 14 banks, hasn't repayed some of its lenders for more than a month now.
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