Visa Steel has informed that the Lenders of the Company in its Joint Lenders Forum (JLF) meeting held on September 22, 2015 have decided to invoke Strategic Debt Restructuring (SDR) pursuant to RBI Circular dated June 08, 2015. The Company is in discussion with Lenders for preparing a conversion package to enable inviting a strategic investor in its Special Steel Business.
The above information is a part of company’s filings submitted to BSE.