Sanjeev Gupta in talks to negotiate reprieve on Greensill Capital debt

In the UK, Prime Minister Boris Johnson's administration is in constant contact with Gupta's steel division over the impact on British factories and jobs

Sanjeev Gupta’s GFG Alliance is battling to negotiate a repr­ieve on its debt obligations to Greensill Capital as the unraveling of its biggest lender threatens to take down the metals group.
 
A debt standstill agreement with Greensill, which filed for administration on Monday, would help GFG stave off insolvency and avoid an asset fire sale, according to people familiar with the matter, who asked not to be named because the talks are private. Gupta is separately seeking to raise new financing to replace Greensill’s loans, they said.
 
The abrupt collapse of Lex Greensill’s business has shuttered funds run