ArcelorMittal, Nippon Steel complete acquisition of Essar SteelThe deck for acquisition of Essar Steel for Rs 42,000 crore by L N Mittal-led company was cleared by the Supreme Court last month.
17 Dec, 2019, 09.37 AM IST
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.
27 Nov, 2019, 02.21 PM IST
'Hide all documents': Indian steel tycoons fight over $1.5 billionMittal has now opened a new front in the UK in a worldwide legal battle with the Ruia family.
15 Mar, 2019, 04.32 PM IST
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 ...
19 Sep, 2018, 06.25 AM IST
Revised bid for Essar Steel offers "unprecedented value" to creditors: ArcelorMittalThe remarks come a day after the leading global steel producer offered Rs 42,000 crore to acquire Essar Steel India Ltd (ESIL), upstaging a...
11 Sep, 2018, 10.25 PM IST
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.
11 Sep, 2018, 06.27 PM IST
Numetal to NCLAT: Aurora Enterprises would have no control over firmDuring the proceedings of the NCLAT, senior advocate Mihir Thakore representing Numetal said that the IBC does not disqualify anyone based ...
17 Jul, 2018, 10.04 PM IST
Suits & sayings: ET’s weekly roundup of the wackiest whispers and murmursOne of India’s microfinance pioneers started by a top IIM rank holder got into trouble after the clampdown in Andhra Pradesh a few years ag...
19 Mar, 2018, 12.07 AM IST
Aditya Mittal new president of ArcelorMittalThis nomination reflects the increasing global strategic role Aditya has across the group, supporting chairman and CEO Lakshmi Mittal, it s...
06 Mar, 2018, 07.44 AM IST
Uttam galva links seen as hurdle to ArcelorMittal’s Essar Steel bidOne legal opinion doing the rounds is that the world’s largest steelmaker is ineligible under Section 29A (c) of the Insolvency and Bankrup...
21 Feb, 2018, 08.37 AM IST
Essar Steel bidders need to pass insolvency code testThe decision rests on accounting and consultancy firm Grant Thornton, which has been appointed by banks to evaluate the bids.
15 Feb, 2018, 12.07 PM IST
HC stays Odisha slurry pipeline stake saleThe ownership of the slurry pipelin is under dispute for the last two years.
14 Feb, 2018, 08.10 AM IST
Ravi Ruia’s son to lead $6 billion all-cash offer for family steelBids for Essar Steel will open next week. Tata Steel is seen weighing options, while Anil Agarwal-led Vedanta may table an offer.
07 Feb, 2018, 02.22 PM IST
How companies will change hands to the next generationIn November, through an ordinance, the Centre tweaked the IBC to debar wilful defaulters and those with NPA accounts from bidding for their...
30 Dec, 2017, 10.56 PM IST
ArcelorMittal says 29% in Uttam Galva no hindrance to stressed asset bidding“We hold a non-controlling minority shareholding in Uttam Galva, have no representation on the board of directors, nor influence on managem...
30 Nov, 2017, 12.45 AM IST
JSW Group likely to put revised bid for assets of debt-laden Monnet IspatThe two troubled steelmakers, with combined borrowings of more than Rs 55,000 crore, are now facing lender proceedings under the insolvency...
20 Jul, 2017, 02.53 PM IST
- Rising debt likely to force Hutch to exit local ventures
Buying and selling businesses is not alien to the Hong Kong-based conglomerate Hutchison Whampoa, headed by billionaire Li Ka-shing.
18 Dec, 2006, 03.12 AM IST