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ELECTROSTEEL STEELS ACQUISITION
Vedanta bets on steel again, plans 7-fold capacity boostVedanta intends to increase its steel production capacity from 1.5 million tonnes to 10 million tonnes and is considering acquisitions in i...- A&M planning to hire senior execs to expand corporate finance practiceAlvarez & Marsal (A&M) is bolstering its corporate finance team in India, appointing Mohit Khullar as managing director. A&M plans to doubl...
- Anil Agarwal-led Vedanta looks to sell Electrosteel and exit steel businessWants to focus on core mining, industrial, cut debt; AMNS, JSW, Jindal Steel & Power, Tatas tapped. Anil Agarwal seeks Rs 10.5K-Rs 12Kcr Va...
- Vedanta implementing resolution plan for acquisition of FACORIn a regulatory filing the company said, the consideration for the acquisition is in the form of "upfront cash and non-convertible debentur...
- Electrosteel Steels acquisition led to a turnaround in firm: VedantaESL has achieved an EBIDTA of $ 130-140 per tonne.
- Vedanta abandons plans to set up Jharkhand steel plant"We have completed the acquisition of Electrosteel in Jharkhand which is a good strategic fit to create an integrated iron ore and steel bu...
- JSW Steel to merge Monnet Ispat with itselfNCLT last week approved a Rs 2,875-crore bid by a consortium of Aion Investments and JSW Steel to acquire the bankrupt Monnet Ispat & Energ...
- Standard Chartered Bank lends Rs 3,500 crore to VedantaThe loan is for 10 years and Vedanta has given a guarantee, two people familiar with the matter told ET.
- Standard Chartered extends Rs 3,500 crore loan to VedantaStandard Chartered was not part of the State Bank of India-led consortium of 26 lenders that had lent more than Rs 14,000 crore to the inso...
- Electrosteel Steels spells out steps for completion of acquisition by VedantaAnil Agarwal's Vedanta Ltd has made an upfront cash payment of Rs 5,320 crore to the insolvency-hit Electrosteel.
- ET View: Bad loans are cruising steadily on the resolution roadThe completion of Vedanta’s acquisition of bankrupt Electrosteel marks the second biggest successful recovery to date of a stressed steel a...
- Tata Steel to absorb all 5,000 employees of Bhushan SteelFor funding the acquisition, out of the Rs 35,000 cr, Tata Steel will put in Rs 18,000 cr from their own capital, balance will be met from ...
- Vedanta expects to seal Electrosteel deal in 2 weeksImproved volumes and better prices led to a 40% jump in Vedanta’s consolidated attributable net profit in Q4FY18 to Rs 3,956 crore, while r...
- Lenders to get 7.6 pc in Electrosteel after Vedanta takeoverElectrosteel acquisition would complement the Group's existing iron ore business, which comprises mining operations in Karnataka and Goa an...
- Appellate Tribunal stays sale of Electrosteel to VedantaThe appellate tribunal has ordered a status quo and directed resolution professional Dhaivat Anjaria to explain how Vedanta was chosen winn...
- Vedanta's acquisition of Electrosteel credit positive: Moody'sThe ratings agency said that Vedanta's acquisition of 90 percent of Electrosteel is credit positive "because it will enhance the company's ...
- Vedanta up 2%, Electrosteel Steels down 5% post NCLT okayElectrosteel Steels became the first of the big defaulters to emerge from bankruptcy proceedings.
- NCLT approves Vedanta’s bid for ElectrosteelCompany becomes first on big initial defaulters list to have a resolution plan
- Enforcement Directorate acts against Electrosteel Castings in coal block allocation caseThe Central Bureau of Investigation had registered a case against the company and its associate concern Electrosteel Steels in December 201...
- Jharkhand govt assures cos about projects' futureThe Jharkhand government assured all support to the companies which have signed an MoU with it and are on a take-off stage, to kick-start t...
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