TheNewsClues
Clues by Admin • 1 Apr 2018, Sunday
Anil Agarwal group-owned Vedanta on Saturday claimed that it has won the bid to acquire bankrupt Electrosteel Steels in the insolvency proceedings. The Company informed in a BSE filing that it has been declared as the highest bidder by the ... Continue Reading
Read More at The Financial Express
Clues by Admin • 23 Mar 2018, Friday
Tata Steel has been declared as the highest bidder for Bhushan Steel Ltd by the Committee of Creditors (CoC). The resolution plan, finalised by the CoC, will now require approval from NCLT and Competition Commission of India (CCI). Bhushan Steel ... Continue Reading
Read More at Livemint
Clues by Admin • 19 Mar 2018, Monday
In a landmark ruling, a single bench of NCLT, Kolkata has ruled that resolution bids submitted after the bidding deadline need not be considered. However, it laid the final responsibility upon the Committee of Creditors (CoC) to accept and approve ... Continue Reading
Read More at Livemint
Clues by Admin • 16 Mar 2018, Friday
Bid comprising of Rs. 6,350 crore and close to 20% equity stake to lenders offered by Dalmia Bharat led investor group has found favour with the Committee of Creditors of Binani Cement. It was competing with India’s largest cement maker, ... Continue Reading
Read More at Livemint
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