ISMC Analog set to seal debt deal with five-bank consortium led by SBI

Mumbai-based ISMC Analog, one of the applicants under a government plan to set up semiconductor fabrication units in the country, is close to sealing a debt deal with a five-bank consortium led by State Bank of India (SBI) for its $3-billion project near Mysuru, in Karnataka, multiple people aware of the development told ET.

The sources said the lenders’ consortium has given “in-principle” approval to provide a loan of up to Rs 2,500 crore for the project.