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07 Mar
17:03

Tata Steel submits preferred resolution plan for Bhushan

Troubled Indian steelmaker Bhushan Steel has confirmed the name of the company which has presented the best resolution plan to turnaround its business. In a stock exchange posting monitored by Kallanish, Bhushan says that its Resolution Professional (RP) has identified the plan submitted by India’s Tata Steel Limited as “… the highest evaluated Compliant Resolution Plan.” This was presented to Bhushan’s committee of creditors (CoC)…
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