Goldman Sachs-led group offers Rs 1,800 crore lifeline to Birla Group's Kesoram - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Goldman Sachs-led group offers Rs 1,800 crore lifeline to Birla Group's Kesoram

Goldman along with an Edelweiss fund have agreed to infuse Rs 1,600 crore in the form of 5 year debentures. Another Rs 200 crore will be used for working capital requirements and other general corporate purposes as part of RBI's resolution plan for stressed assets. There is a possibility of a third investor but that is not yet finalised.

from Industry-Economic Times
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