TheNewsClues
Clues by Admin • 17 Aug 2018, Friday
JSW Steel Ltd has submitted a resolution plan of Rs 19,700 crore to the committee of creditors (CoC) of debt-laden Bhushan Power and Steel Ltd (BPSL), sources said. Besides JSW Steel Ltd, Tata Steel Ltd and Liberty House have also submitted ... Continue Reading
Read More at Livemint
Clues by Admin • 6 Aug 2018, Monday
The NCLAT extended the deadline for submission of revised bids for debt-ridden Bhushan Power and Steel by one week on the plea of Tata Steel. Modifying its earlier order, NCLAT has now said that all three bidders -- Tata Steel, ... Continue Reading
Read More at The Economic Times
Clues by Admin • 3 Jul 2018, Tuesday
Tata Steel Chairman N Chandrasekaran said that Tata Steel Ltd will be able to nearly double its capacity in India as a deal between its British entity and Germany's ThyssenKrupp will reduce the Indian parent's debt. Tata Steel ... Continue Reading
Read More at Business Today
Clues by Admin • 8 Jun 2018, Friday
Tata Steel has offered Rs 6,000 crore to acquire Kolkata-based Usha Martin. The promoters of Usha Martin are selling the steel business to pay off the company’s Rs 3,700 crore debt. “Tata Steel had a meeting with Usha Martin ... Continue Reading
Clues by Admin • 31 May 2018, Thursday
The company law appellate tribunal NCLAT today asked Tata Steel if it will clear the statutory dues like income tax and GST of Bhushan Steel, a company it had acquired in the insolvency proceedings earlier this month. The NCLAT asked ... Continue Reading
Read More at The Financial Express
Clues by Admin • 25 May 2018, Friday
The National Company Law Appellate Tribunal (NCLAT) on Thursday refused to entertain a second round of bidding for the debt-laden Bhushan Power and Steel Ltd (BPSL), following a “suggestion” by the committee of creditors (CoC). Tata Steel had ... Continue Reading
Read More at Livemint
Clues by Admin • 24 May 2018, Thursday
Bhushan Steel, which has been acquired by Tata Steel under the insolvency process, has sought 90 days extension to file its audited financial results for the quarter and year ended March 31, 2018. Bhushan Steel said since the new management and directors have ... Continue Reading
Read More at Business Today
Clues by Admin • 22 May 2018, Tuesday
Tata Steel today said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel Ltd (BSL). The remaining amount will be raised through internal resources, it said. Tata Steel acquired a controlling equity stake ... Continue Reading
Read More at The Financial Express
Clues by Admin • 21 May 2018, Monday
The National Company Law Appellate Tribunal (NCLAT) today declined to stay Tata Steel Ltd.’s acquisition of debt-laden Bhushan Steel Ltd. under the corporate insolvency resolution process. NCLAT issued notices to Tata Steel, the resolution professional and committee of ... Continue Reading
Read More at Bloomberg Quint
Clues by Admin • 21 May 2018, Monday
Tata Steel’s acquisition of Bhushan Steel is expected to reduce bank's non-performing assets (NPA’s) by Rs 35,000 crore, Financial Services Secretary Rajiv Kumar today said. “About Rs 35,000 crore reduction of NPAs of PSBs in ... Continue Reading
Read More at The Financial Express
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