India: Bhushan Power creditors are said to back JSW's $2.7b takeover bid

India: Bhushan Power creditors are said to back JSW's $2.7b takeover bid

Photo: Reuters

Creditors of Bhushan Power & Steel Ltd., a major debt-laden Indian mill, are poised to name JSW Steel Ltd. as the preferred bidder in a sale seen as a key test of the country’s new bankruptcy law, people familiar with the matter said.

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