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

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.

Bank Of Baroda Share Price

260.15 -11.35 (-4.18%)
02-Jul-2026 16:59 View Price Chart
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Company Name CMP
State Bank Of India 1051.80
PNB 106.95
Bank Of Baroda 260.15
Canara Bank 126.60
Union Bank Of India 174.40
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