SBI-led banks invite bids for Essar Group guarantees
after close1 source ↓written by the desknot a recommendation
- of residual liabilities
- ₹13,751 cr
- is set
- ₹200 cr
- bids due
- 17 June
A consortium of banks led by State Bank of India has invited bids for personal guarantees from Essar Group promoters, Prashant and Ravi Ruia, against ₹13,751 cr of residual liabilities. The reserve price is set at ₹200 cr, with bids due by 17 June. This move follows the 2019 debt resolution linked to Essar Steel.
Not investment advice. For informational purposes only.