UPDATE 1-India Escorts to get restructuring funds in June

Newswire

(Adds stock price movement, detail) By Shailendra Bhatnagar NEW DELHI, May 30 (Reuters) - India's Escorts Ltd., a diversified agricultural products maker, is likely to receive the first tranche of a 7.7-billion-rupee restructuring package from a European firm next month, an official said on Monday. Shailendra Tandon, corporate head of finance and strategy at New Delhi-based Escorts , told Reuters about a third of the $177 million, meant to restructure longer-term debt and cut interest ...

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