JC Flowers Asset Reconstruction (ARC) has emerged as the highest bidder for acquiring the debt of Hyderabad-based steel company Sathavahana Ispat at Rs 410 crore, said a person with direct knowledge of the development...
JSW Steel completes acquisition of Welspun’s plates and coil mill business
Steelmaker JSW Steel on Thursday completed buying the plates & coil mill business of Welspun for a sum of Rs 848.5 crore under a business transfer agreement. “It may kindly be noted that Laptev (a JSW Group company)...
After acquiring Bhushan Power, JSW Steel eyes Neelachal Ispat
After completing the acquisition of Bhushan Power & Steel under the insolvency law, Sajjan Jindal-controlled JSW Steel, has thrown its hat in the ring for Neelachal Ispat Nigam Ltd (NINL). Sources said that the...
JSW transfers Rs 19,350 cr to complete acquisition of Bhushan Power and Steel
JSW Steel has transferred Rs 19,350 crore to a Punjab National Bank (PNB) account to complete the acquisition of Bhushan Power and Steel (BPSL), bringing the three-and-a-half-year-old resolution process to an end...
JSW Steel completes acquisition of remaining 26.45% stake of JSW Vallabh Tinplate
JSW Steel on Friday said it has completed the acquisition of the remaining 26.45 stake of JSW Vallabh Tinplate Pvt Ltd. With this, JSW Vallabh Tinplate Pvt Ltd is now a wholly-owned subsidiary of the company, JSW Steel...
NCLAT rejects Interups’ plea in ACCIL insolvency matter; says appellant not an aggrieved party
The National Company Law Appellate Tribunal (NCLAT) dismissed a plea by US-based Interups Inc that challenged a lower court’s approval of JSW Steel group’s Rs 1,550 crore-bid for Asian Colour Coated Ispat...
Jindal Stainless receives bourses nod for amalgamation
The Jindal Stainless group has received the nod from the bourses for the scheme of amalgamation of Jindal Stainless (Hisar) Ltd (JSHL) into Jindal Stainless Ltd, company officials said. The merger will lead to a...
Jindal Steel keen to acquire bankrupt Reliance Naval & Engineering
Jindal Steel & Power, India’s third-largest producer of the alloy by market value, and two other groups were the latest to express interest in bidding for Reliance Naval & Engineering, according to sources. For...
AP choses Liberty Steel India as JV partner for construction of YSR Steel plant in Kadapa
Andhra Pradesh government on Tuesday chose Liberty Steel India Limited as the joint venture partner for construction and development of YSR Steel Plant in Kadapa district. The state Cabinet, which met here under the...
Acquisition of Bhushan Power & Steel: JSW Steel poised to finalise deal
Sajjan Jindal-led JSW Steel is close to finalising a compromise with financial creditors and completing the ₹19,700-crore takeover of debt-laden Bhushan Power & Steel (BPSL), five people familiar with negotiations...
Thyssenkrupp ends talks with UK’s Liberty on steel unit sale
German conglomerate Thyssenkrupp ended talks to sell its steel division to Britain’s Liberty Steel due to differences over value, the latest setback in efforts to consolidate the European sector Liberty Steel, led by...
Thyssenkrupp ends talks with UK’s Liberty on steel unit sale
German conglomerate Thyssenkrupp said on Wednesday it had ended talks to sell its steel division to Britain’s Liberty Steel, citing differences overvalue and structure in a potential deal. Liberty Steel, which is led by...
