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Lenders clear JSW Steel bid for bankrupt Bhushan Power

By Beena Parmar

  • 05 Mar 2021
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Lenders clear JSW Steel bid for bankrupt Bhushan Power
Credit: Reuters

After over three years of bankruptcy, Bhushan Power and Steel now stands closer to resolution with lenders okaying JSW Steel’s $2.7 billion (Rs 19,350 crore) bid for the debt-laden firm. On the last day of voting on Thursday, over 95% of the creditors voted in favour of the Sajjan Jindal-owned firm’s ......

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