M&A Lab: Two years after AION-JSW takeover, is Monnet Ispat out of the furnace?

In July 2018, when a consortium of stressed assets-focussed private equity firm AION Capital and JSW Steel Ltd won a bid to take over bankrupt steelmaker Monnet Ispat & Energy Ltd, it generated interest in more ways than one. The deal was hailed as a major milestone of sorts for India’s ......