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MITTAL FAMILY CONSORTIUM
CCI clears RCB's $1.78-billion buyout by Aditya Birla Group, ToI consortiumThe Competition Commission of India has greenlit a massive $1.78 billion deal, allowing a consortium led by Aditya Birla Group and The Time...- AM/NS takes over banks' claims linked to Essar Group promoters' personal guarantees"Banks had claims attached to the personal guarantees issued by the Essar promoters which was linked to the Essar Steel resolution. AM/NS' ...
- Royal Challengers bang for the buck: Another Kohli special on a RCB-controlled ball to ball finalRoyal Challengers Bengaluru secured their second consecutive Indian Premier League title. Virat Kohli's exceptional batting performance was...
- IPL may become the GOAT of sports world; League sees sharp rise in valuations on record media rights deals, deep-pocketed sponsorsIPL franchise values are soaring, projected to hit $15 billion by 2032. This growth rivals top European football clubs. Record media rights...
- Honesty and integrity were not enough: US-based entrepreneur Kal Somani-led group lashes Rajasthan Royals sale processA rival bidder has publicly questioned the Rajasthan Royals ownership sale process. The US-based entrepreneur Kal Somani and his partners e...
- Rajasthan Royals sold for $1.65B to Mittal-Poonawalla consortiumA consortium led by the Mittal family and including Adar Poonawalla will acquire Rajasthan Royals for $1.65 billion. The Mittal family will...
- ‘IPL in safest hands’: Lalit Modi backs Mittal-Poonawalla takeover of Rajasthan RoyalsThe Mittal family, in partnership with Adar Poonawalla, is set to acquire a controlling stake in Rajasthan Royals. This significant deal va...
- Mittal family-led consortium to acquire Rajasthan Royals in $1.65 billion dealThe Mittal family, led by Lakshmi N. Mittal and Aditya Mittal, is set to acquire a significant 75% stake in the Rajasthan Royals franchise....
- Mittal family set to own 75% of Rajasthan Royals in $1.65 billion dealThe Mittal Family and Adar Poonawalla are set to acquire a controlling stake in the Rajasthan Royals IPL franchise. The deal values the tea...
- Rajasthan Royals' $1.63 billion buyout delayed on funding, legal hurdlesThe proposed $1.63 billion buyout of IPL franchise Rajasthan Royals has been delayed due to funding challenges, regulatory concerns and com...
- Both Arcelormittal, Numetal back in race for Essar SteelNumetal and ArcelorMittal have challenged each other’s eligibility under the provisions of Insolvency and Bankruptcy Code (IBC), which proh...
- Essar bid: Numetal too has to clear dues of connected partiesLenders have asked both Numetal and ArcelorMittal to make a case for their eligibility to bid for Essar Steel on May 2 and give a plan to c...
- After NCLT order, Essar Steel lenders to decide on status of Numetal, Ruia contentionNumetal sources said the court order implies that the lenders’ committee will have to consider the original bid by the consortium, in which...
- ‘Arcelor’s stake sale in Uttam Galva violates their bank undertaking’Shareholders alleged that ArcelorMittal transferred shares without seeking permission of lenders.
- NCLT advances Essar Steel hearing to TuesdaySSG Capital, Numetal, Arcelor-Mittal, Vedanta Resources, Tata Steel and Nippon are among the six entities that initially showed interest in...
- ArcelorMittal set to take part in Essar Steel rebidEssar Steel’s committee of creditors (CoC) had rejected ArcelorMittal’s bid — and that of rival Numetal — for failing to pass test criteria...
- Numetal moves NCLT after ‘ineligible’ bid for Essar SteelNumetal, which is part owned by Russian firm VTB, moved the Ahmedabad bench of the NCLT. The tribunal will hear the matter on April 4 .
- ArcelorMittal-Macregaglia bid liven up race for IlvaCommenting on the move, Lakshmi N. Mittal, chairman and chief executive, ArcelorMittal said: “We believe the ArcelorMittal and Marcegaglia ...
- 'I have been made a political scapegoat': MittalDenying corruption charges, Sudhanshu Mittal, on whose premises income tax sleuths conducted searches, today said he has been made a "polit...
- Mittal, OIL clamour for HPCL refinery pieWhile sources in industry said that LN Mittal is likely to pick up 49% equity stake in the refinery, public sector Oil India (OIL) is also ...
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