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GUPTA S GFG ALLIANCE
Sanjeev Gupta’s GFG Alliance to infuse £50m to restart UK steel operationsGupta, founder chairman of the $20-billion revenue GFG Alliance, was fighting his biggest battle to save his metals-to-energy conglomerate ...- We're moving towards a restructured and focused business, says Liberty Steel's Sanjeev GuptaApart from initiatives to restructure, new business plans are being developed for the LSUK businesses which would allow the company to resu...
- Tata Steel settles unpaid debt claim with Liberty Steel out of courtTata Steel had in April launched proceedings against Liberty Speciality Steels, Liberty House Group PTE and Speciality Steel UK, all part o...
- Greensill cited ‘political steers’ on Gupta loans, probe findsGreensill collapsed in March after a key partner refused to extend crucial trade credit insurance that backed loans it made to a number of ...
- UK's anti-fraud agency probes Sanjeev Gupta-led GFG Alliance"The SFO is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business...
- GFG Alliance faces potential collapse in UK but says it won’t hit India businessGFG, which runs smelters, mines and power stations around the world, had last month approached the UK government seeking an emergency bailo...
- Sanjeev Gupta's Liberty Steel to restart operations, in talks with British governmentGupta's conglomerate GFG Alliance said earlier this month it was in talks with administrators of Greensill over a standstill agreement. On ...
- British ministers reject Sanjeev Gupta's bailout plea, media reports sayGFG, a holding company for Gupta's assets, was the biggest recipient of financing from Greensill, a British financing company, which filed ...
- GFG Alliance undertakes major cost-cutting measures, including job cuts“GFG Alliance businesses are adjusting to lower levels of demand. With regret, this will mean we cannot avoid a reduction in roles in certa...
- Sanjeev Gupta's GFG Alliance acquires Adhunik Metaliks and Zion SteelGupta's Liberty House was last in news over criminal charges for alleged breach of Amtek Auto resolution plan.
- GFG Alliance to buy outstanding stock in KCI for $320 millionThe deal is financed by two North American banks who will be providing an asset backed loan facility and funds are being managed by BlackRo...
- Liberty House to buy 3 more EU plants from ArcelorBillionaire PIO steel tycoon Sanjeev Gupta has struck a deal to purchase three more European steel plants from ArcelorMittal.
- British Indian tycoon to buy 3 more of Lakshmi Mittal's European plantsThe company said it will acquire two Belgian steel mills and one in Luxembourg from ArcelorMittal in addition to the four it said last mont...
- GFG Alliance appoints former Vedanta CEO Mahendra Singh Mehta as country head for IndiaGFG, whose business spans metal manufacturing, engineering, energy, financial services and property will also soon unveil the executive lea...
- Indian-origin entrepreneur to acquire Nigerian bank's subsidiary in UKThe new bank, which, upon change of control, is intended to be renamed British Commonwealth Trade Bank (BCTB) to address gaps for trade in ...
- Prince Charles appoints Indian-origin steel tycoon as UK skills ambassadorGFG Alliance companies, including Liberty House and SIMEC, currently support 1,300 cadets from 26 schools across Britain to participate in ...
- Indian-origin steel tycoon purchases ArcelorMittal's US steelworksThe sale marks the first in a series of strategic North American acquisitions and new projects targeted by Gupta-led GFG Alliance.
- Sanjeev Gupta of GFG Alliance awarded Business Leader of the Year at British Asian Achievers Awards 2017Sanjeev Gupta has also engaged with Indian steelmakers, buying Tata Steel UK's specialty steels business for 100 million pounds as well as ...
- GFG Alliance completes acquisition of ArriumThe group will be investing 1 billion US dollar across the Whyalla steelworks and mining businesses for modernisation and expansion.
- Indian-origin steel tycoon expands into financial servicesThe expansion follows Gupta's acquisition in December 2016 of Wyelands Bank Plc, which has been functioning as an "industry-friendly" depos...
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