Maithan Alloys to buy Andhra plant in liquidation process, over 90% haircut for lenders

Maithan Alloys Ltd, one of India’s largest manganese alloy producers, will acquire a Kolkata-based firm which owns a manufacturing unit in Andhra Pradesh through the liquidation process.   The publicly listed firm will buy Impex Metal & Ferro Alloys Ltd (IMFAL) for Rs 74.2 crore ($10.2 million).  This means over 90% haircut ......