Mumbai: Kesoram Industries, which is merging its cement business with UltraTech, is looking to refinance the %1,500-crore of high cost debt borrowed at 20% from Goldman Sachs, Cerberus and Edelweiss, two sources aware of the development said. The company is looking for a one-year finance before the asset moves to UltraTech following all regulatory clearances. The company is looking to refinance the debt at 12-13% and is in talks with Tata Capital.
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