Bhushan Steel Ltd.'s creditors are in talks to restructure about Rs 23,000 crore ($3.7 bn) of long-term loans to the Indian steel producer, according to reports.
Report said that the lenders led by State Bank of India and Punjab National Bank are discussing extending the tenor of about Rs20,000 crore of local-currency term loans to around 25 years
The company's plan involves changing the terms of the company’s rupee term loans.
Source: India infoline