If the financial institution forces promoters of the company to merge the metal company with by themselves in equivalent ratio,it might promptly Recuperate around twelve hundred crores straight away. What or who's halting the bank from doing so.
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Should the promoters VEDL merge the ESL steel with by themselves,they don't have anything to lose .Then again, Lender who's sitting down on massive lifeless investment can Recuperate a significant amount of money.
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SBI retains all over 3 crore shares in unlisted ESL steel.The bank has outstanding loans amounting six thousand crores rupees on the company.
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