Brief: Monnet Ispat & Energy says lenders exploring option of handing over co's control, management to outside investor

JSW Ispat Special Products

19/01/2017 09:26

Jan 19 (Reuters) - Monnet Ispat and Energy Ltd  MNET.NS  
    * Monnet Ispat & Energy Ltd clarifies on news item "Jsw 
Steel, Blackstone in talks to buy Monnet Ispat" 
    * Monnet Ispat and Energy Ltd says co is under SDR and  51 
percent control of co is with lenders 
    * Monnet Ispat and Energy Ltd says discussion with the 
investor is confined to lenders and management is not involved 
    * Monnet Ispat and Energy Ltd says lenders exploring the 
option of handing over control and management  of co to outside 
investor 
 
Source text - (http://bit.ly/2jbmVHe) 
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