Business Standard

PNB-led group takes possession of Shriram EPC JV

- BS REPORTER<

A consortium of banks, led by Punjab National Bank( P NB ), took symbolic possession of the factory of S hr ira mE PC joint venture firm Le it wind S hr ir am Manufactur­ing Ltd( LS ML) in Chen na ito recover ~6 billion loans the company has taken earlier. LSML, accordingt­oPNB, had availed of credit facilities of ~6 billion from a consortium offive banks.

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