{"id":403399,"date":"2021-03-06T10:47:45","date_gmt":"2021-03-06T05:17:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403399"},"modified":"2021-03-06T12:17:42","modified_gmt":"2021-03-06T06:47:42","slug":"bpsl-lenders-approve-jsw-steels-proposal-rs-19350-crore-to-be-transferred-by-march-end","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpsl-lenders-approve-jsw-steels-proposal-rs-19350-crore-to-be-transferred-by-march-end\/","title":{"rendered":"BPSL lenders approve JSW Steel&#8217;s proposal, Rs 19,350 crore to be transferred by March end"},"content":{"rendered":"<p>The majority of the lenders to the debt-ridden Bhushan Power and Steel (BPSL) has voted in favour of JSW Steel NSE -1.86 %&#8217;s offer to complete the transaction by transferring Rs 19,350 crore to an escrow account thus bringing a three and a half year old resolution process to an end.<\/p>\n<p>Over 95% of the creditors voted for the transaction while the rest including a foreign bank and an asset reconstruction company abstained from clearing the decks for the deal, two people familiar with the vote said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The majority of the lenders to the debt-ridden Bhushan Power and Steel (BPSL) has voted in favour of JSW Steel NSE -1.86 %&#8217;s offer to complete the transaction by transferring Rs 19,350 crore to an escrow account thus bringing a three and a half year old resolution process to an end. Over 95% of the creditors voted for the transaction while the rest including a foreign bank and an asset reconstruction company abstained from clearing the decks for the deal, two people familiar with the vote said.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-403399","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=403399"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403399\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}