MAK­ING AMENDS

Business Standard - - FRONT PAGE -

Uttam Galva re­vises of­fer to pay ~52-bn dues to lenders, may bring in for­eign in­vestor

Ear­lier, it had of­fered ~28.85 bil­lion, which was re­jected

Was re­ferred to the NCLT on March 15, SBI had filed an ap­pli­ca­tion on De­cem­ber 29

Had to­tal debt of ~61.92 bn as of FY17

SBI, PNB, Union Bank, IDBI, Bank of Bar­oda and ICICI Bank are pri­mary lenders

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