Mistry group repays Rs 12,450 crore to its lenders

To overcome the impact of lockdown due to COVID-19, the Mistry group had applied for a one-time loan restructuring with a group of lenders led by State Bank of India in mid-September 2020 when it had faced cash flow problems leading to a Rs 200-crore default on a commercial paper issued to the Union Bank of India.

from Moneycontrol Business News https://ift.tt/tUdWNP3