India: Essar Steel sees takeover interest from Tatas, JSW

India: Essar Steel sees takeover interest from Tatas,  JSW

Essar Steel India Ltd., grappling with about 440 billion rupees ($6.6 billion) in debt amid an industry downturn, has drawn takeover interest from domestic rivals Tata Steel Ltd. and JSW Steel Ltd., people with knowledge of the matter said.

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