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This is an archive article published on February 1, 2000

No bailout for Essar

JANUARY 31:MUMBAI: The IDBI on Monday decided not to bail out Essar Steel by extending 104 million fresh assistance to redeem its defaul...

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JANUARY 31:MUMBAI: The IDBI on Monday decided not to bail out Essar Steel by extending 104 million fresh assistance to redeem its defaulted Floating Rate Notes. 8220;The board discussed the issue but decided not to sanction any new amount in view of its mounting losses,8221; IDBI chairman G P Gupta said.

 

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