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Friday, July 6, 2012 - 18:35 IST
Monnet Ispat in bidding war with Bhushan Steel for Orissa Sponge Iron
BY TEAM VCC
The bidders are interested in its iron ore and coal reserves even as the company currently commands a market cap which is 9x its revenues.
A bidding war is at works for Orissa Sponge Iron & Steel Co. Jajodias promoted Monnet Ispat & Energy has hiked the open offer price to buy additional 20 per cent stake from public shareholders of Orissa Sponge...
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