Nippon Steel’s $14.9-billion acquisition of US Steel closed on Wednesday, the companies said, confirming an unusual degree of power for President Donald Trump after the Japanese company’s 18-month struggle...
Bhushan Power and Steel lenders move SC for review of JSW Steel decision
Bhushan Power and Steel (BPSL) lenders including SBI, led by the Punjab National Bank, on Monday moved the Supreme Court seeking review of its May 2 judgment that scrapped the JSW Steel’s acquisition of the debt-laden...
Trump approves Nippon Steel’s $14.9 billion purchase of US Steel
U.S President Donald Trump approved Nippon Steel’s $14.9 billion bid for U.S. Steel on Friday, capping a tumultuous 18-month effort by the companies that survived union opposition and two national security reviews...
India outbound could be big: JP Morgan sees surge in global M&A ambitions among Indian firms
Echoing this view, Ravi Shankar, JP Morgan’s co-head of investment banking for India and head of the technology, media, telecom (TMT), and consumer & retail verticals, said capital markets are proving to be...
BPSL liquidation: Returning ₹19,350 crore won’t be enough to compensate JSW Steel
JSW Steel , in its review petition to the Supreme Court, is expected to highlight its financial losses that were borne out of the invalidation of its ₹19,350 crore insolvency resolution plan for Bhushan Power and Steel...
Board of Electrosteel Castings acquisition of T.I.S Services S.p.A
The Board of Electrosteel Castings at its meeting held today i.e., on 28 May 2025 have approved the proposal to make investment by way of purchase and acquisition of 30,00,000 shares of Euro 1 each representing 100%...
SC orders status quo on Bhushan Power liquidation
NEW DELHI: The Supreme Court of India ordered status quo on liquidation proceedings of Bhushan Power and Steel Ltd (BPSL) pending the verification of the review petition to be filed by JSW Steel. The court asked JSW...
NCLT adjourns hearing on Bhushan Power & Steel’s promoter plea for a month
The NCLT on Tuesday adjourned its hearing over a petition filed by Sanjay Singhal, former promoter of debt-ridden Bhushan Power & Steel Ltd (BPSL), to June 26. Singhal has approached the National Company Law...
Bhushan Power ex-promoter moves NCLT to give effect to SC liquidation order
Sanjay Singal, the erstwhile promoter of Bhushan Power and Steel (BPSL), has filed an application before the National Company Law Tribunal (NCLT) Delhi, seeking directions to implement the Supreme Court’s recent...
Bhushan Power creditors weigh legal options after SC scraps JSW Steel deal
Creditors to Bhushan Power & Steel, including State Bank of India, Punjab National Bank, and Asset Care Reconstruction Enterprise (ACRE), are assessing the legal paths available to them after the Supreme Court...
Government to finalise view on liquidation of Bhushan Power and Steel soon, says DFS Secretary
The government is reviewing the Supreme Court’s order on liquidation of Bhushan Power and Steel Ltd and it will take a view on the matter based on the discussions with the senior government advocates, said M...
IBC rules under review after scrapping of JSW Steel’s BPSL acquisition
India is reviewing its insolvency regulations to ensure strict adherence to stipulated processes and timelines by key stakeholders to prevent cases like JSW Steel’s acquisition of Bhushan Power and Steel (BPSL)...
