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ESSAR STEEL ARCELORMITTAL
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...
- 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.
- Completion of Essar Steel acquisition expected before the end of the year: ArcelorMittalThe acquistion will mark the entry of the world's largest steel company into India, which has emerged as the second biggest steel market in...
- 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...
- 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.
- 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 ...
- SC to hear tomorrow plea of ArcelorMittal against NCLAT order on Essar Steel auctionThe apex court refused urgent hearing for ArcelorMittal's plea for payment of Rs 7,000 crore by today for its second bid to become eligible.
- 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.
- 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 ...
- 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...
- ‘Arcelor’s stake sale in Uttam Galva violates their bank undertaking’Shareholders alleged that ArcelorMittal transferred shares without seeking permission of lenders.
- ArcelorMittal says its bid is eligible for Essar SteelBoth VTB and Arcelor-Mittal have offered resolution plans for Essar Steel, that owes more than Rs 52,000 crore to its creditors.
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