Another PE-backed stressed firm set to change hands under bankruptcy law

By Beena Parmar

  • 13 Feb 2019
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Credit: 123RF.com

JSW Steel Ltd has moved a step closer to acquiring Bhushan Power & Steel Ltd, in another instance of a debt-laden company backed by a private equity firm changing ownership. Billionaire Sajjan Jindal-led JSW has received a Letter of Intent naming it the winning bidder to acquire Bhushan Power & Steel, ......

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