|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
Who were the folks who were the most relieved when the JSW-Ispat deal closed in a Guinness record breaking time of a week? Ispatâs chief lenders who together had a Rs 9,500 crore exposure in the company. Had the deal not closed by December 25, Ispat would have been a non-performing asset on their books. Such was the desperation, that many lenders had also requested potential suitors for a Rs 200 crore upfront payment before the deadline, even if the deal was actually closed later. Bank CEOs, therefore, were also working well past midnight, sleeping for a few hours before heading back to the negotiating table. The relief among lenders is so huge that last heard, the CEO of a leading bank is even planning a bash for Sajjan Jindalâs JSW team.