Shares of Bhushan Steel tumbled nearly 4 per cent on the Bombay Stock Exchange after the company declined media report claims that it has got Scheme for Sustainable Structuring of Stressed Assets (S4A) from RBI. In a clarification to exchange, the company said that we are dealing with banks on regular basis and filing of such scheme is routine of the company as it is trying to settles its debt with banks. Reacting to the news, shares of firm retreated as much as 3.87 per cent to hit intra-day low of Rs 65.70 apiece on the BomBhushan Steel tanks nearly 4% post clarification on loan restructuring
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Shares of Bhushan Steel tumbled nearly 4 per cent on the Bombay Stock Exchange after the company declined media report claims that it has got Scheme for Sustainable Structuring of Stressed Assets (S4A) from RBI. In a clarification to exchange, the company said that we are dealing with banks on regular basis and filing of such scheme is routine of the company as it is trying to settles its debt with banks. Reacting to the news, shares of firm retreated as much as 3.87 per cent to hit intra-day low of Rs 65.70 apiece on the BomBhushan Steel tanks nearly 4% post clarification on loan restructuring
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