Lenders invite fresh resolution plans for Twin Srei companies

Lenders of twin Srei companies passed resolutions to lower the earnest money deposits (EMD) to ₹50 crore from ₹150 crore and the performance bank guarantee to a minimum of ₹300 crore from ₹500 crore. Srei administrator Rajnish Sharma invited lenders to vote on a proposal to float a new RFP, which lenders voted on September 17.

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