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BHUSHAN STEEL ACQUISITION
JSW Steel may face 10-15% production hit, ₹4,500-crore Ebitda dent as Bhushan Power liquidation loomsJSW Steel faces potential setbacks as the Supreme Court deemed its acquisition of Bhushan Power & Steel illegal, potentially leading to liq...
JSW Steel shares sink 6.5% after Supreme Court nullifies Bhushan Power acquisitionJSW Steel's shares plummeted after the Supreme Court deemed its Rs 19,700 crore acquisition of Bhushan Power & Steel illegal, ordering liqu...
Bhushan Steel is Tata Steel BSL Ltd nowEarlier, Tata Steel had won the bid to acquire debt-laden Bhushan Steel in an insolvency auction.
Bhushan Steel renamed as Tata Steel BSLThe name change is part of the process to integrate Bhushan Steel operations within the Tata Steel fold.
CCI gives nod to Tata Steel-Bhushan Power & Steel dealAccording to the notice submitted to the CCI, the proposed combination involves the acquisition by Tata Steel, either directly or through a...
Tatas end Bhushan Steel office rental pact with ex-promoterThe move is part of efforts by the new owner to cut costs and turn the asset around.
Tata Steel keen to exit SE Asia operations, other non-scalable assetsThe steel major has been scouting for buyers for NatSteel Holdings Singapore and Tata Steel Thailand for some time now but without any succ...
Tata Steel is at an exciting inflection point: Koushik Chatterjee, CFODescribing the IBC as a transformative piece of legislation, Koushik Chatterjee also breaks down the valuation of his company's Bhushan Ste...
Tatas line up 35-member crack team to integrate Bhushan SteelThe team comprising executives at various levels and across different functions has its task cut out — to ramp up production by whatever me...
Tata Steel to raise Rs 16,500 cr debt to fund Bhushan acquisitionDomestic giant Tata Steel today said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan ...
Bhushan Steel's buyout to reduce PSB NPAs by Rs 35,000 croreTata Steel completed the acquisition of controlling stake of 72.65 per cent in Bhushan Steel for around Rs 36,400 crore after emerging as t...
Bhushan Steel takeover: Jindal congratulates Ratan Tata, Tata Group officialsThe bankrupt firm was among the 12 stressed assets the RBI had referred to NCLT proceedings last year.
NCLT clears decks for Tatas’ acquisition of Bhushan SteelThe tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs 1 lakh.
Tata Steel on brink of buying Bhushan Steel, awaits NCLT, CCI green signalThe move is a key step forward in Tata Steel’s domestic growth strategy under new Tata Sons chairman N Chandrasekaran, a former top executi...
Tatas’ Bhushan gains may also bring debt pain, worries StreetTata Steel is also raising Rs 12,800 crore through a rights issue to reduce debt and fund its acquisition of stressed assets.
Bhushan Steel surges 20% after Tata Steel's highest bidThe scrip jumped 19.93 per cent to Rs 53.85 on Monday.
Tata may have overbid, but Bhushan is a strategic fitThe acquisition would accrue strong synergies in the long run.
Bhushan Steel soars 20% on acquisition buzzThe promoters held 57.82 per cent stake in the company as of September 2017.
- Bhushan Infra hikes stake in Bhushan Steel to 4.97 pc
Bhushan Steel said one of its promoters, Bhushan Infrastructure, has raised stake in company to 4.97 per cent by acquiring additional share...
- Bengal to clear way for steel cos
The West Bengal government has decided to tone up its act to ensure that the proposed Rs 90,000 crore of investments in the state’s steel s...