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Biyani offers to pay Rs 6,900 crore to lenders for loan restructuring as deal with Reliance gets delayed

This proposal will help the cash-strapped group buy time and keep an alternative ready, as it still awaits judicial clearance to complete the sale of its business to Mukesh Ambani’s Reliance Retail.

This proposal will help the cash-strapped group buy time and keep an alternative ready, as it still awaits judicial clearance to complete the sale of its business to Mukesh Ambani’s Reliance Retail.