The bank has set the reserve price at ₹143 crore, which is lower than the previous quarter s price of ₹160 crore. Additionally, debts of six other companies with total outstanding of ₹300 crore, including exposures to Asian Colour Coated Ispat Limited (ACCIL) and SDB Developers, are also up for sale.
The bank has set the reserve price for the debt at Rs 143 crore, which is lower than the price set in the previous quarter, which was Rs 160 crore, , Union Bank of India (UBI), visa steel s debt, ubi
Icra revises JSW Steel’s outlook to stable from negative
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“The revision in the rating outlook reflects Icra’s expectation that JSW Steel Limited’s credit metrics would continue to improve in the near term on the back of improving operating conditions, leading to better profitability,” said Moody’s Indian arm, Icra said in a statement.
Agencies
“JSW Steel’s liquidity is adequate given the healthy cash flow from operations expected in FY2021,” the statement said.
Rating agency
Icra on Friday has revised its outlook for
JSW Steel to Stable from negative on the back of improving operating conditions which will lead to better profitability.