facebook-page-view
Advertisement

ArcelorMittal

SBI puts its entire loan exposure to debt-laden Essar Steel on the block

Finance

16 January, 2019

SBI puts its entire loan exposure to debt-laden Essar Steel on the block

State Bank of India (SBI) has put its entire loan exposure to debt-laden Essar Steel Ltd worth Rs 15,431 crore ......

Day after Ruias' offer, Essar Steel creditors choose ArcelorMittal-led joint bid

Manufacturing

26 October, 2018

Day after Ruias' offer, Essar Steel creditors choose ArcelorMittal-led joint bid

Japan’s Nippon Steel & Sumitomo Metal Corp. and alloy giant ArcelorMittal said on Friday the lenders of Essar Steel India ......

Ruias offer to pay $7.4 bn to Essar Steel creditors to scupper ArcelorMittal deal

Manufacturing

25 October, 2018

Ruias offer to pay $7.4 bn to Essar Steel creditors to scupper ArcelorMittal deal

Essar Steel India Ltd has offered to pay Rs 54,389 crore ($7.4 billion) to its creditors to come out of ......

ArcelorMittal sweetens offer for Essar Steel; SoftBank eyes stake in FirstCry

General

24 October, 2018

ArcelorMittal sweetens offer for Essar Steel; SoftBank eyes stake in FirstCry

ArcelorMittal, the world's largest steelmaker, has increased its offer to acquire debt-laden Essar Steel Ltd, media reports said on Wednesday. The ......

Tiger Global raises $3.75 bn fund; Indiabulls mulls share sale in OakNorth

General

22 October, 2018

Tiger Global raises $3.75 bn fund; Indiabulls mulls share sale in OakNorth

US-based hedge fund and venture investor Tiger Global Management has raised $3.75 billion in its latest VC fund, the Financial ......

Supreme Court allows ArcelorMittal, NuMetal to bid for Essar Steel

Manufacturing

04 October, 2018

Supreme Court allows ArcelorMittal, NuMetal to bid for Essar Steel

 India's Supreme Court allowed ArcelorMittal SA and NuMetal to bid for debt-ridden Essar Steel after clearing their outstanding dues within ......

AION eyes stake in Lakshmi Vilas Bank; ArcelorMittal circles Essar group firm

General

18 September, 2018

AION eyes stake in Lakshmi Vilas Bank; ArcelorMittal circles Essar group firm

Special situations private equity firm AION Capital Partners has joined the list of suitors for a significant minority stake in ......

ArcelorMittal raises bid for Essar Steel as bankruptcy battle heats up

Manufacturing

10 September, 2018

ArcelorMittal raises bid for Essar Steel as bankruptcy battle heats up

Steel giant ArcelorMittal SA has raised its bid for India's debt-laden Essar Steel in competition with Russia's VTB and Vedanta ......

With eye on Essar Steel, Japan's Nippon Steel keen to boost India presence

Manufacturing

24 August, 2018

With eye on Essar Steel, Japan's Nippon Steel keen to boost India presence

Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp sees India as the most promising market and wants to become ......

Stressed assets: Essar Steel lenders for fast solution; Binani Cement case put off

General

13 July, 2018

Stressed assets: Essar Steel lenders for fast solution; Binani Cement case put off

Indian banks are grappling with nearly $150 billion in bad loans and the National Company Law Tribunal (NCLT) has admitted ......