Corus debt revamp: Tata declines to comment

Corus debt revamp: Tata declines to comment
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First Published: Fri, Mar 13 2009. 10 13 PM IST
Updated: Fri, Mar 13 2009. 10 13 PM IST
Mumbai: Mumbai-based Tata Steel Ltd, India’s largest producer, declined to comment on a newspaper report that it had held informal talks with bankers on restructuring debt at its UK unit Corus Group Ltd.
Tata Steel may ask its UK unit, which owns Corus, to amend covenants on about £3 billion (Rs21,570 crore) of loans taken to buy Corus, the ‘Financial Times’ said, citing people with knowledge of the situation.
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First Published: Fri, Mar 13 2009. 10 13 PM IST