MUMBAI: Lenders led by ICICI Bank, who recently converted their Rs 5,445 crore debt to 52.55% equity in Gammon India Limited (GIL), have carved out two subsidiaries in the company and are now looking at investment in these subsidiaries, two people with a direct knowledge of the matter told ET. The bankers have already sold 74% in one subsidiary and are now close to selling 74% in another subsidiary to a consortium of non-resident Indians (NRIs), a banker with a direct knowledge of the .. Read more at: http://economictimes.indiatimes.com/articleshow/50401162.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesConsortium of banks looks at investment in Gammon arms
Industry: Banking 2016-01-02
