Lenders take nearly 61% haircut in stressed MSP Sponge Iron OTS scheme

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The promoters of Kolkata based MSP Sponge Iron Ltd have completed a one-time settlement (OTS) scheme with its consortium of lenders. The lenders have taken a haircut of nearly 61% in the settlement scheme, two people aware of the development said.  “The owners (promoters) have prepaid around Rs 220-225 crore (approximately ......