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

Manufacturing

13 February, 2019

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

JSW Steel Ltd has moved a step closer to acquiring Bhushan Power & Steel Ltd, in another instance of a ......

NCLAT rejects Tata Steel's move to block rival bids for Bhushan Power

Manufacturing

05 February, 2019

NCLAT rejects Tata Steel's move to block rival bids for Bhushan Power

An Indian appeals tribunal has ruled against Tata Steel Ltd’s effort to dismiss rival bids for Bhushan Power and Steel, ......

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StanChart PE sells stake in commodities trader in latest India exit

Manufacturing

25 October, 2018

StanChart PE sells stake in commodities trader in latest India exit

Standard Chartered Private Equity has sold its entire stake in an Indian minerals trading company, four years after making the ......

Stressed assets: NCLT clears bids for Monnet Ispat, Adhunik Metaliks, Sirpur Paper

General

20 July, 2018

Stressed assets: NCLT clears bids for Monnet Ispat, Adhunik Metaliks, Sirpur Paper

As Indian banks grapple with nearly $150 billion in bad loans, various branches of the National Company Law Tribunal (NCLT) ......

JSW-AION consortium gets NCLT nod to acquire Monnet Ispat

Manufacturing

19 July, 2018

JSW-AION consortium gets NCLT nod to acquire Monnet Ispat

The National Company Law Tribunal on Thursday approved the sale of bankrupt metals firm Monnet Ispat & Energy Ltd to ......

JSW Steel revamps acquisition strategy after recent setbacks

Manufacturing

10 July, 2018

JSW Steel revamps acquisition strategy after recent setbacks

India's JSW Steel is looking to acquire smaller steel plants in India and overseas that produce specialised products, a top ......

JSW Steel plans bid for ArcelorMittal's Romanian plant

Manufacturing

21 June, 2018

JSW Steel plans bid for ArcelorMittal's Romanian plant

India’s biggest steelmaker JSW Steel is expected to make a bid for ArcelorMittal’s Galati plant in Romania, three sources told ......

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How dealmaking in stressed assets is reshaping India's steel industry

Manufacturing

23 May, 2018

How dealmaking in stressed assets is reshaping India's steel industry

The steel industry in India, the world's third-biggest producer of the alloy, is undergoing a churn as large local and ......

JSW Steel to acquire Italian steelmaker Aferpi

Manufacturing

18 May, 2018

JSW Steel to acquire Italian steelmaker Aferpi

Billionaire Sajjan Jindal-led JSW Steel Ltd has agreed to acquire three Italian companies including steelmaker Aferpi SpA for €55 million ......

Numetal, ArcelorMittal back in the game for Essar Steel

Manufacturing

20 April, 2018

Numetal, ArcelorMittal back in the game for Essar Steel

In a fresh twist to the insolvency proceedings of Essar Steel Ltd, the lenders to the beleaguered steelmaker will again ......