NARCL declines to match Phoenix ARC's bid for Mittal CorpPhoenix's offer was 78% higher than the ₹228 crore from NARCL, and more importantly, it was on a full cash basis in contrast with the 85% s...
02 Nov, 2022, 06.29 AM IST
Phoenix ARC makes highest offer of Rs 405 crore for Mittal Corp under Swiss auctionPhoenix ARC gave a Rs 405 crore bid for the bankrupt steel maker, against the anchor offer of Rs 228 crore from National Asset Reconstructi...
28 Oct, 2022, 10.55 PM IST
NARCL gets going with its first offerNARCL has offered ₹228 crore for Mittal Corp debt held by public sector banks (PSBs) totalling ₹1,414.5 crore, people aware of the developm...
04 Oct, 2022, 05.10 AM IST
Bidders for Mittal Corp challenge NCLT move to halt voting on plansJindal Stainless and Rimjhim Ispat have approached the National Company Law Appellate Tribunal (NCLAT) challenging the NCLT decision to per...
14 Sep, 2022, 11.11 AM IST
Jindal Stainless Steel emerges highest bidder for Mittal CorpOnce the deal is concluded, it would be the first acquisition by Jindal Stainless Steel under the Insolvency and Bankruptcy Code. Ratan Jin...
07 Jun, 2022, 07.22 AM IST
Tata Steel Mining's Rs 780 crore resolution plan for Rohit Ferro Tech approved by NCLTVedanta’s ESL Steel, Rimjhim Ispat, Shyam Metallics, and Maithan Alloys were among the other bidders in the race for the Kolkata-based comp...
08 Apr, 2022, 10.30 AM IST
Vedanta, Welspun among 29 bidders in fray for Mittal CorpIn 2016, lenders had attempted to sell the company to a strategic buyer by converting its debt into 51% equity under the then prevailing st...
11 Mar, 2022, 02.43 PM IST
Rimjhim Ispat acquires BRG Iron & Steel in liquidationWhen Rimjhim Ispat made the first bid, it had offered Rs 500 crore under the debt restructuring process, but the offer was rejected by 98% ...
15 Dec, 2021, 11.17 AM IST
UP targets industrialisation to raise economic growth and lift incomes of poorer regionsAs many as 130 MoUs, representing investment intent of Rs 37,376 crore, are under implementation while necessary facilitation has been prov...
28 Oct, 2021, 02.33 PM IST
UP gets Rs 13,408-cr investment proposals in manufacturing over past three-and-a-half yearsUttar Pradesh has emerged as the top investment destination and has received 98 investment proposals worth Rs 13,408.19 crore in the manufa...
17 Jun, 2021, 06.38 PM IST
Shyam Metalics cuts IPO size; grey market giving it a strong premiumThe price band for the issue has been fixed in the Rs 303-306 range, which was largely in line with the grey market expectations of Rs 303-...
10 Jun, 2021, 09.13 AM IST
Shyam Metalics IPO issue to open on June 14; co fixes price bandThe total issue size is upto Rs. 909 crore with a fresh issuance of Equity Shares, aggregating up to Rs. 657 crore and an offer for sale of...
08 Jun, 2021, 02.55 PM IST
Shyam Metalics fixes IPO price band at Rs 303-306, issue to open on June 14The issue comprises fresh issuance of shares, aggregating up to Rs 657 crore, and an offer for sale of up to Rs 252 crore by existing share...
08 Jun, 2021, 01.31 PM IST
LML to shut operations with no feasible revivalThe company has about Rs 243 crore total debt, while lenders and the workmen together put up a claim of about Rs 500 crore.
06 Mar, 2018, 11.23 PM IST