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India’s Kesoram Industries Announces $11 Million Loan Default

India’s Kesoram Industries  announced a loan default of Rs 79 crore.

Archana Chaudhary

(Bloomberg) -- India’s Kesoram Industries Ltd. announced a loan default of 790 million rupees ($10.7 million).

The company, which defaulted on interest payments in January, has total outstanding loans of 20.70 billion rupees, according to a company filing.

©2020 Bloomberg L.P.

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