Monnet Ispat Rises As Lenders Said To Be In Fovour Of JSW-AION Bid
Shares of the Delhi-based debt-laden steel maker rose as much as 7.2 percent, the most since April 5, to Rs 23.80 as lenders are in favour of JSW-AION bid.
JSW-AION have bid some Rs 3,700 crore for Monnet Ispat, which translates into a 76 percent haircut for lenders.
Neal Bhai
Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600
