23
Mar
11:31
Bhusan Steel creditors approve Tata Steel takeover
Bhushan Steel (BSL)’s committee of creditors has approved the resolution plan submitted by Tata Steel for the takeover of the troubled Indian flat steelmaker.
Before the takeover is completed it must first be approved by the National Company Law Tribunal (NCLT) and the Competition Commission of India.
Tata Steel has accepted the Letter of Intent for BSL under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code 2016 (…
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Anonymous
Very good overview of the weekly steel market.
Anonymous