The auction of Essar Steel Ltd also saw bids from ArcelorMittal Netherlands NV-Nippon Steel and Sumitomo Metal Corporation (NSSMC) duo, and Vedanta.
Dalmia Bharat will approach a higher court if the Kolkata bench of National Company Law Tribunal (NCLT) decides against it in the battle for Binani Ce
Bhushan Steel owes about Rs44,000 crore to its creditors.
Bidding will be open to all six companies which had submitted expressions of interest in Essar Steel in the first round of bidding.
Aircel and its subsidiaries Aircel Cellular Ltd and Dishnet Wireless Ltd together owe around Rs50,000 crore to creditors.
Dalmia Bharat Cement emerged the winner for troubled Binani Cement, beating India’s largest cement maker UltraTech that put in a nearly identical bi
The firm submitted a sealed bid to the resolution professional of the beleaguered power firm, pitting it against Tata Steel and JSW.
Lenders rejected the only two bids received from Liberty House, on the grounds that they quoted less than Amtek’s liquidation value.
The Videocon firms were in RBI’s second list of defaulters against whom banks were directed to file insolvency petitions
It is raising a similar $500 million fund from domestic investors. IIFL Asset Management, an arm of IIFL Investment Managers, expects to close its dom
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.