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Arcelor paying Rs 39,500 crore for Essar Steel and not Rs 42,000 cr: SCB counsel Kapil SibalKapil Sibal argued that acceptance of Rs 39,500 crore as the bid amount by the Committee of Creditors (CoC) of Essar Steel, to which Standa...- Essar Steel shareholder seeks ArcelorMittal's disqualification over ties with loan defaulting firmsA shareholder has moved NCLAT against Mittal's bid over his ties with loan defaulting cos run by his brothers.
- Essar Steel shareholder seeks rejection of ArcelorMittal bid for firmThe plea by Essar Steel Asia Holdings Ltd (ESAHL) comes weeks after an insolvency court cleared ArcelorMittal's bid for Essar Steel
- NCLT defers Essar Steel hearing to December 10The court was supposed to hear as many as 21 applications related Essar Steel resolution on Wednesday.
- Essar lenders seek dismissal of two applications against ArcelorMittalThe committee has also sought day-to-day hearing of other such applications, filed by operational creditors.
- 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 offers Rs 50,000 crore to buy Essar SteelThe deal includes payments to unsecured creditors and full repayment to small operational creditors.
- ESL bid: ArcelorMittal says no link between its eligibility and businesses of Mittal's brothersThe company's statement comes a day after Russia's VTB Group-backed Numetal upped the ante against rival bidder ArcelorMittal, alleging tha...
- Essar Steel bid: ArcelorMittal targets Vedanta for environment, human rights violationsAfter targeting Russia's VTB Group-backed Numetal, ArcelorMittal has now targetted Vedanta Ltd - the third bidder in the race to acquire de...
- Numetal raises loan defaults by firms of Lakshmi Mittal's brothersNumetal and ArcelorMittal are locked in fierce takeover battle of Essar Steel and two are in the Supreme Court over bidding qualification.
- Government crackdown on board directors puts companies in a bindAs part of its crackdown on black money and follows up on the note ban, govt has disqualified more than 3 lakh directors of companies that ...
- Government shuts 150 industrial units along Ganga to curb pollutionEnvironment Ministry has ordered the closure of 150 industrial units, including sugar mills and tanneries, along the Ganga river.
- Avenue Capital to pick 15% in Morepen for Rs 80 croreUS-based Avenue Capital, a hedge fund that focuses on distressed and undervalued debt and equity opportunities, is in an advanced stage of ...
- Avenue Cap to pick 26% in SKIL Infra for $500mThe US-based Avenue Capital Group, a $12-billion hedge fund manager, has signed a deal with Nikhil Gandhi-promoted SKIL Infrastructure.
- Avenue Cap eyes 'special situations' hereMarc Lasry, managing partner of Avenue Capital Group, in an interview with ET, spoke of his group’s interest in assisting the management of...
- Kolhapur: Gunning for a place in the sunFor a region that has 100 export oriented textile units (EoUs), 300 foundry units (exporting products worth around Rs 500 crore) and produc...
- Avenue Cap buys Ispat’s GPI Textiles for Rs 200 crAvenue Capital has acquired Ispat Group’s textile company GPI Textiles for Rs 200 crore.
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