Essar Steel
Manufacturing
NCLT approves ArcelorMittal's takeover bid for Essar Steel
India’s bankruptcy court on Friday approved global steel giant ArcelorMittal SA’s bid for debt-ridden Essar Steel, potentially ending months of ......
Infrastructure
ArcelorMittal makes bid to acquire Essar's Mahan power plant
ArcelorMittal SA, the world’s biggest steelmaker, has bid 48 billion rupees ($673 million) to acquire Essar’s 1200 megawatt power plant ......
Manufacturing
NCLT rejects Ruias' loan settlement offer for Essar Steel
The National Company Law Tribunal (NCLT) has rejected a loan settlement offer by Essar Steel's promoters, in a big blow ......
Finance
Running out of patience, more banks are putting bad loans on the block
Lenders including India’s largest bank are opting to sell their loan exposures to companies facing insolvency even as the country’s ......
Finance
SC deals blow to Ruias, other promoters seeking to regain control of insolvent firms
The Supreme Court on Friday upheld the two-year-old Insolvency and Bankruptcy Code (IBC) in its entirety, thereby continuing to bar ......
General
JSW may back Ruias for Essar Steel bid; Blackstone, Xander eye VG Siddhartha's estate
JSW Steel and undisclosed foreign investors have agreed to support the Ruia family in its effort to win back control ......
General
Edelweiss, Altico in race for IL&FS PE; SBI finds few takers for Essar Steel loan
IL&FS Investment Managers Ltd, the private equity arm of Infrastructure Leasing & Financial Services Ltd, has received takeover interest from ......
Finance
SBI puts its entire loan exposure to debt-laden Essar Steel on the block
State Bank of India (SBI) has put its entire loan exposure to debt-laden Essar Steel Ltd worth Rs 15,431 crore ......
Manufacturing
Day after Ruias' offer, Essar Steel creditors choose ArcelorMittal-led joint bid
Japan’s Nippon Steel & Sumitomo Metal Corp. and alloy giant ArcelorMittal said on Friday the lenders of Essar Steel India ......
General
Tiger Global raises $3.75 bn fund; Indiabulls mulls share sale in OakNorth
US-based hedge fund and venture investor Tiger Global Management has raised $3.75 billion in its latest VC fund, the Financial ......
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