Essar Cyprus arm sells 6 ships to ArcelorMittal for $80mThe ships are owned by Essar Shipping Cyprus, an arm of Essar Global Fund, and are not part of Essar Shipping, the publicly traded company ...
03 Jul, 2021, 10.27 AM IST
LN Mittal’s son Aditya may head new Essar Steel boardArcelorMittal is integrating Essar Steel into its fold, marking the global giant's first major foray here.
27 Nov, 2019, 02.21 PM IST
ArcelorMittal deploys team to oversee Uttam Galva operationsArcelorMittal, the world’s largest steelmaker, became the sole financial creditor of Uttam Galva after paying off outstanding dues of about...
27 Nov, 2018, 11.37 PM IST
ArcelorMittal hits fresh hurdle over GPI duesSection 29(A) was introduced to prevent promoters from regaining control of companies that they had led to bankruptcy.
02 Nov, 2018, 07.34 AM IST
ArcelorMittal wins bids to take over Essar Steel for Rs 42,000 croreArcelorMittal offered Rs 42,000 cr to settle Essar Steel's debt and a further Rs 8,000 cr of capital infusion.
26 Oct, 2018, 06.13 PM IST
ArcelorMittal aims to complete negotiations swiftly with Essar CoCThe company has been trying for long to enter India but has not succeeded so far.
20 Oct, 2018, 06.00 PM IST
ArcelorMittal ready to clear Uttam Galva, KSS Petron debt for Essar Steel bidArcelorMittal said it is preparing to repay dues worth Rs 4,554 crore of Uttam Galva and KSS Petron.
17 Oct, 2018, 08.09 AM IST
CCI approves ArcelorMittal's acquisition of Essar SteelArcelorMittal and Numetal are in the race to acquire Essar, currently undergoing insolvency proceedings.
20 Sep, 2018, 08.32 PM IST
Numetal, ArcelorMittal fight in Supreme Court over Essar Steel bidArcelorMittal exited the companies shortly before bidding for Essar Steel to become eligible under the law, Rohatgi told a two-judge bench ...
19 Sep, 2018, 06.25 AM IST
Second round bids for Essar Steel to be opened on MondayIn the first round, ArcelorMittal had offered Rs 30,000 crore and Numetal Rs 18,000 crore.
09 Sep, 2018, 11.42 PM IST
ArcelorMittal to NCLAT; The company was eligible to bid for Essar SteelArguing before the National Company Law Appellate Tribunal (NCLAT) on behalf of ArcelorMittal, senior advocate Harish Salve submitted that ...
10 Jul, 2018, 10.01 PM IST
Uttam Galva promoters say unaware of ArcelorMittal move to clear dues"We are not aware of any such move. I have no communication of any kind," the company's chairman said on ArcelorMittal's reported move to t...
16 May, 2018, 04.59 PM IST
Will be surprised if ArcelorMittal ineligible for Essar Steel bid: LN MittalThe Committee of Creditors (CoC) on May 2 had met representatives of ArcelorMittal and Numetal regarding their eligibility for Essar Steel ...
06 May, 2018, 10.36 PM IST
Swift decision on Essar in interest of all stakeholders: ArcelorMittalThe CoC had met representatives of ArcelorMittal and Numetal which are in the race to acquire Essar Steel regarding their eligibility and a...
04 May, 2018, 02.21 PM IST
ArcelorMittal says may pay off dues of Uttam Galva as a 'goodwill gesture'The Committee of Creditors (CoC) had yesterday met representatives of ArcelorMittal and Numetal which are in the race to acquire the stress...
03 May, 2018, 05.06 PM IST
NCLAT agrees to hear NuMetal, ArcelorMittal petition in Essar Steel caseThe NCLAT issued notices to a committee of Essar Steel creditors, the resolution professional running an auction of the company and the two...
27 Apr, 2018, 12.16 PM IST
‘Arcelor’s stake sale in Uttam Galva violates their bank undertaking’Shareholders alleged that ArcelorMittal transferred shares without seeking permission of lenders.
02 Apr, 2018, 08.01 AM IST