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NCLT approves ArcelorMittal's takeover bid for Essar Steel

Manufacturing

08 March, 2019

NCLT approves ArcelorMittal's takeover bid for Essar Steel

The National Company Law Tribunal (NCLT) approved steel giant ArcelorMittal SA's takeover bid for debt-ridden Essar Steel,...

ArcelorMittal eyes Essar port, plant; GIC, Mitsubishi vie for GMR Airports stake

General

20 February, 2019

ArcelorMittal eyes Essar port, plant; GIC, Mitsubishi vie for GMR Airports stake

Essar Group held talks with ArcelorMittal over the sale of its port and power plant at Hazira in Gujarat, The ......

ArcelorMittal makes bid to acquire Essar's Mahan power plant

Infrastructure

19 February, 2019

ArcelorMittal makes bid to acquire Essar's Mahan power plant

ArcelorMittal SA, the world’s biggest steelmaker, has bid 48 billion rupees ($673 million) to acquire Essar’s 1200...

NCLT rejects Ruias' loan settlement offer for Essar Steel

Manufacturing

29 January, 2019

NCLT rejects Ruias' loan settlement offer for Essar Steel

The National Company Law Tribunal (NCLT) has rejected a loan settlement offer by Essar Steel's promoters, in a big blow ......

Edelweiss, Altico in race for IL&FS PE; SBI finds few takers for Essar Steel loan

General

23 January, 2019

Edelweiss, Altico in race for IL&FS PE; SBI finds few takers for Essar Steel loan

IL&FS Investment Managers Ltd, the private equity arm of Infrastructure Leasing & Financial Services Ltd, has received...

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

The committee of creditors of debt-laden Essar Steel India Ltd has chosen ArcelorMittal SA and Japan's Nippon Steel &...

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 Ltd’s promoter Ruia family has offered to pay Rs 54,389 crore ($7.4 billion) to the company's creditors...

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....

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

Indiabulls Housing Finance is looking to sell all or a part of its 18.7% stake in London-based lender OakNorth Holdings ......

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