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ARCELORMITTAL FOR ESSAR STEEL
SBI-led banks seek bids for Essar Group promoter guaranteesThe reserve price for the bids, with a June 17 deadline, is Rs 200 crore, showed a document on the website of the process advisor, BoB Capi...- AM/NS India finance chief Amit Harlalka to replace retiring CEO Dilip OommenDilip Oommen, CEO of AM/NS India, will retire at the end of June. Amit Harlalka, the current chief financial officer, will take over as CEO...
- ArcelorMittal files contempt pleas against Essar entities in Bombay High CourtArcelorMittal is seeking a refundable security deposit that the erstwhile Essar Steel had paid to these two companies and were payable upon...
- ArcelorMittal challenges Gujarat Government, Essar Group over Hazira port licenceEssar Steel owns a 10 million tonnes per annum steel plant at Hazira in Gujarat, which is serviced by a captive jetty constructed at port.
- 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.
- SAIL awaits ArcelorMittal response to take JV plans forwardWhen asked about chances of the JV plans getting scrapped with ArcelorMittal all set to enter India after winning Essar Steel, SAIL Chairma...
- 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.
- 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.
- ArcelorMittal aims to complete negotiations swiftly with Essar CoCThe company has been trying for long to enter India but has not succeeded so far.
- ArcelorMittal to make $1 bln creditor payment to bid for Essar SteelEssar Steel's committee of creditors now has an eight-week period to evaluate bids.
- CCI approves ArcelorMittal's acquisition of Essar SteelArcelorMittal and Numetal are in the race to acquire Essar, currently undergoing insolvency proceedings.
- 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 ...
- 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 ...
- 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...
- 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 ...
- 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...
- 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...
- 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...
- Inconsistent use of IBC: JSW refutes Arcelor allegationsA second round of bids was later invited for Essar Steel: Arcelor-Mittal has put in a rebid and JSW Steel has also entered the fray by join...
- Essar on the prowl, looks to poach execs from rivalsAt least two senior executives from ArcelorMittal could join Malay Mukherjee, the former director at the Luxembourg-based global steelmaker...
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