The largest gas company in India, GAIL, invested Rs 2,100 crore in the bankrupt private-sector chemical producer JBF Petrochemicals Ltd. The bankruptcy court had granted the company permission in March to take over JBF. GAIL. reported in a stock exchange filing that it has "infused Rs 2,101 crore (equity - Rs 625 crore and debt - Rs 1,476 crore)" in the committed bankruptcy resolution plan.
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