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MONNET ISPAT AND STEEL
JSW Steel targets Rs 650 cr Ebitda for Monnet Ispat before deciding on mergerMonnet Ispat will also be required to bring its net debt to Ebitda ratio down to 3.5x before any of the two parties can seek a merger.- 5 firms interested in Monnet PowerThe company has debt of nearly Rupees 6,000 crore on its books.
- 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...
- JSW Steel, AION win bid to acquire Monnet IspatThe offer involved a haircut of almost 75% on a debt of more than Rs 10,000 crore.
- Monnet Ispat CoC approves AION-JSW Steel plan by 98.97% favourable votingFollowing a CoC meeting that was held on April 7 in which the resolution applicant presented the resolution plan, the same was put through ...
- Final call on JSW-AION bid for Monnet Ispat likely in fortnightThe resolution plan submitted jointly by JSW Steel and AION Capital was the only offer that Monnet Ispat and Energy received by December 23...
- Creditors to take final call on JSW-Aion Capital bid for Monnet Ispat in 2-3 weeksThe resolution plan for Monnet Ipsat proposed by the Aion Capital-JSW Steel consortium is being reviewed by legal advisors presently.
- Creditors OK Aion-JSW offer for Monnet IspatAion Capital, a joint venture between ICICI Venture and Apollo Global Management, holds a 70% stake in the consortium and JSW Steel has the...
- Creditors OK Aion-JSW offer for Monnet IspatAion Capital, a joint venture between ICICI Venture and Apollo Global Management, holds a 70% stake in the consortium and JSW Steel has the...
- JSW Steel set to buy Monnet Ispat for Rs 3,750 crore: ETNowMonnet Ispat faces claims of Rs 10,359 crore from financial creditors and Rs 116 crore from operational creditors
- JSW Steel close to a deal for Monnet IspatThe JV partners have also agreed to invest Rs 1000 crore as equity which will be used to settle dues of employees, operational creditors an...
- Bankruptcy proceedings: JSW Steel offers Rs 3,700 cr for Monnet IspatJSW is a bidder in the resolution proceedings of Monnet Ispat, which owes more than Rs 10,000 crore to its lenders.
- Monnet Ispat gains on stake sale buzzHowever, other steel manufacturers such as JSW Steel and Tata Steel were trading lower.
- Banks seek ministerial help for Monnet Ispat evaluationSAIL was earlier asked to consider a similar case of Electosteel, another ailing steel company . The lenders have now only JSW Steel as the...
- Lenders considering handover of company to investor: Monnet IspatThe company was replying to a clarification sought by the bourses for a news item which said JSW Steel, Blackstone were in talks to buy Mon...
- Monnet Ispat agrees to sell stake in Orissa Sponge Iron to Bhushan SteelMonnet Ispat and Energy Ltd has agreed 'in-principle' to sell its stake in Orissa Sponge Iron & Steel to Bhushan Steel Ltd (BSL).
- Bhushan Steel, Monnet Ispat revive takeover bids to acquire Orissa SpongeTwo Delhi-based steelmakers - Bhushan Steel & Power and Monnet Ispat & Energy - have indicated their intention to acquire up to 20% in Oris...
- Blackstone buys 7% stake in Monnet Ispat for $50 mnUS-based Blackstone Group has acquired 7.12% equity in Monnet Ispat & Energy for $50 million (about Rs 230 crore).
- CX Partners buys 8% in Monnet Ispat for Rs 150 crCX Partners has bought an 8% stake in steel company Monnet Ispat for Rs 150 crore from the secondary market, its first investment since lau...
- Monnet Ispat increases stake in OSISLEstranged brothers Neeraj Singal and Sanjay Singal, who have been battling for the control of Orissa Sponge Iron & Steel (OSISL), now have ...
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