Tata Steel’s step-down subsidiary NatSteel HoldingsPte Ltd (NSH) has executed definitive agreements with Vietnam-based Thai Hung Trading Joint Stock Company to divest its entire equity stake of 56.5% in NatSteel...
Steel
Tata Steel subsidiary to sell entire stake in NatSteel Vina for Rs 36 crore
Tata Steel on Monday said its subsidiary NatSteel Holdings Pte (NSH) has agreed to sell its entire 56.5 per cent stake in NatSteel Vina (NSV) for about Rs 36 crore to a Vietnam-based Thai Hung Trading Joint Stock...
Liberty House’s Sanjeev Gupta to merge steel operations
British commodities tycoon Sanjeev Gupta will merge his family’s steel operations by the end of the year into a new entity, the Liberty Steel Group, to be ready for a potential listing, he said on Tuesday. Other...
NCLAT asks ED to release BSPL assets, stays Rs 19,700-cr sale to JSW Steel
The National Company Law Appellate Tribunal (NCLAT) directed the Enforcement Directorate (ED) to release assets of Bhushan Power and Steel Ltd. (BPSL) attached as part of investigations into alleged loan fraud and money...
ED’s Bhushan Power & Steel move vindicates stand: JSW
The Enforcement Directorate’s (ED) move to attach the properties of Bhushan Power & Steel (BPSL) is a “vindication” of its stand, JSW Steel said on Sunday. India’s second-largest steelmaker has offered to acquire...
Tata Steel mulls stake sale in e-commerce JV mjunction Services: Report
Tata Steel Ltd. is weighing a sale of its stake in an e-commerce joint venture as India’s largest steel manufacturer looks to offload non-core assets to pare debt, people with knowledge of the matter said. The company...
South Korea’s Posco continues exploring joint venture possibility with RINL
Having stumbled earlier on its plans to set up a plant in India due to a struggle against land acquisition, South Korean steel giant POSCO is again turning to the country’s growing steel market but this time...
Centre asks NINL shareholders to infuse working capital till divestment happens
The Centre has decided that all shareholders of loss-making steelmaker Neelachal Ispat Nigam Ltd (NINL) will infuse capital proportionate to their stakes to keep the company running until its disinvestment, people aware...
JSW Steel to raise debt of $500 million overseas
India’s second largest private steel manufacturer, JSW Steel, plans to launch up to $500 million in dollar-denominated bonds, the company told stock exchanges on Tuesday. This is part of the company’s plan...
NCLAT to hear probe agencies over JSW Steel’s plea on Bhushan Power
The National Company Law Appellate Tribunal (NCLAT) will hear three probe agencies, including ED and SFIO, regarding JSW Steel’s plea seeking immunity from prosecution after buyout of Bhushan Power and Steel...
JSW Steel files appeal at NCLAT to modify takeover terms of Bhushan Power
JSW Steel has filed an appeal at the National Company Law Tribunal, contesting the conditions of its takeover of bankrupt steel mill Bhushan Power and Steel (BPSL). The appeal is expected to come up for hearing on...
ArcelorMittal to explore sale of construction business
ArcelorMittal, the world’s biggest steelmaker, is exploring a sale of a downstream construction business as it divests peripheral operations, people familiar with the matter said. The company is working with advisers to...
