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VEDANTA ESSAR STEEL
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- Mesabi Metallics secures $150 million from Macquarie for Minnesota iron ore projectMesabi Metallics, a proud member of the Essar Group, has successfully garnered USD 150 million in funding from Macquarie Group. This invest...
- After IBC war Ruias & ArcelorMittal talk deal for Hazira port & power plantSources close to Essar Group claim that ArcelorMittal is interested in the captive assets & is on a diligence tour.
- ArcelorMittal named preferred bidder by Essar Steel lendersThe lenders of Essar Steel are likely to put the ArcelorMittal proposal for vote early next week.
- Anil Agarwal indicates he is open to raising bid for Essar SteelThe bid was more than offers made by ArcelorMittal and Russia's VTB Capital-backed NuMetal Ltd in the first round.
- JSW has independent bid in mind for EssarThe apex court has directed rival Essar Steel bidders, ArcelorMittal and Numetal, to clear their respective dues and meet the eligibility n...
- Time taken at tribunals in insolvency cases to be excluded from statutory 270 days: SCThe top court also stressed the need of "time-bound" disposal of insolvency process saying it would not only support the development of "cr...
- Essar Steel bid: ArcelorMittal targets Vedanta for environment, human rights violationsAfter targeting Russia's VTB Group-backed Numetal, ArcelorMittal has now targetted Vedanta Ltd - the third bidder in the race to acquire de...
- SBI withdraws plan to sell Essar Steel loans post NCLAT orderSBI, the lead lender, was planning to sell its loan to Essar Steel to asset reconstruction companies, according to sources.
- ArcelorMittal, Vedanta, NuMetal-JSW bid for Essar Steel in second roundThe fresh bids were necessitated after bids in the first round were rejected by the Committee of Creditors for being in violation of the IB...
- 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...
- Vedanta unlikely to participate in rebidding of Essar SteelVedanta had submitted an Expression of Interest (EoI) for Essar Steel but did not bid for the bankrupt steel maker which owes over Rs 45,00...
- Tata, Vedanta unlikely to join fresh round of bidding for Essar SteelWhile lenders have expressed hope that this will throw the bidding process wide open with more aspirants joining the fray, it remains to be...
- Numetal, Arcelor enter last lap in Essar Steel bidOther contenders, including Tata Steel & Vedanta’s Anil Agarwal, pull out
- ArcelorMittal, Nippon tie up to jointly bid for Essar SteelArcelorMittal and Nippon Steel had originally planned to submit independent bids for Essar Steel, which is among the five steel companies u...
- Essar Group hires former Vedanta executive director PK MukherjeeMukherjee is advising the Ruia-controlled Essar Steel on its mining and mineral activities, and is working out of the group's Goa office.
- Essar's Ravi Ruia relocates to London; to raise $3bnRavi Ruia is moving to London to help the group raise $2.5-3 bn by listing Essar Energy Holdings, which owns the group’s oil assets, on LSE.
- India Inc shines on deal street
- Essar plans to delist steel & oil companiesThe Ruias-controlled Essar group on Thursday said it intends to delist its key business units, Essar Steel and Essar Oil, to gain more flex...
- Essar to bring all holdings under overseas umbrellaThe Essar group is in the process of consolidating its holdings in various businesses under a single overseas entity, Essar Global, in orde...
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