Bhushan Steel Gains 40% in Two Days

Bhushan Steel shares have gained over 40 percent in two days of trading. On Monday, Bhushan Steel shares soared nearly 19 per cent to Rs 71.80 in an otherwise weak market. On Friday, Bhushan Steel had clarified to the stock exchanges that it had received lenders' nod for restructuring the company. "On 15th December 2014, RBI announced a scheme for long term structuring of loans in line with cash flows. The joint lenders forum have ...