India Digest: Ambit Flowers eyes $1b fund raise; steel majors keen to buy Essar Steel

India Digest: Ambit Flowers eyes $1b fund raise; steel majors keen to buy Essar Steel

Photo: Bloomberg

Ambit Flowers is planning to raise up to $1 billion to invest in stressed assets in India, while steel majors ArcelorMittal, Nippon Steel, Tata Steel have expressed interest to acquire Essar Steel.

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