Essar Global Fund says repaid all of Essar Group debt3 min read 07 Jan 2019, 11:46 PM IST
Over the past two years, Essar Group has repaid more than 1.37 trillion debt, mostly to Indian banks. Essar Steel India, which alone has a debt of 45,000 crore, is under the Insolvency and Bankruptcy Code
Mumbai: Essar Global Fund Ltd, the holding company of Essar Group, on Monday said it has repaid all its overseas debt after paying the last tranche of ₹ 12,000 crore to its various Indian and foreign lenders. The ₹ 12,000-crore repayment is over and above the ₹ 30,000-crore paid to lenders in 2017, Essar said.
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