Bank of Baroda to sell Essar Steel debt for Rs 1200 crore to SC Lowy: Report

Bank Of Baroda | Bank - Public | BFSI | BSE: 532134 | NSE: BANKBARODA

09 Jul 2018 Evaluate

Bank of Baroda will reportedly sell its domestic loan exposure in Essar Steel to Hong Kong-based loan and bond trading firm SC Lowy for Rs 1200 crore.

SC Lowy is in talks with Edelweiss Asset Reconstruction to structure the deal as foreign funds are not allowed to directly acquire domestic assets.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Peers

Company Name	CMP
State Bank Of India	997.00
PNB	116.65
Bank Of Baroda	237.80
Canara Bank	123.90
Union Bank Of India	178.00
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