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VEDANTA S ELECTROSTEEL
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...- Vedanta says priority is to complete doubling Electrosteel capacity to 3 MT"As of date, this (exiting Electrosteel) is not a topic for us. The only priority is to raise the (production) capacity to 3 million tonnes...
- All-clear for Vedanta to acquire ElectrosteelElectrosteel failed to repay more than Rs 13,000 crore bank loans.
- Standard Chartered Bank lends Rs 3,500 crore to VedantaThe loan is for 10 years and Vedanta has given a guarantee, two people familiar with the matter told ET.
- Standard Chartered extends Rs 3,500 crore loan to VedantaStandard Chartered was not part of the State Bank of India-led consortium of 26 lenders that had lent more than Rs 14,000 crore to the inso...
- Vedanta acquires management control of Electrosteel SteelsVedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel Steels Ltd.
- Electrosteel Steels spells out steps for completion of acquisition by VedantaAnil Agarwal's Vedanta Ltd has made an upfront cash payment of Rs 5,320 crore to the insolvency-hit Electrosteel.
- NCLAT allows Vedanta to make upfront payment of Rs 5,320 cr for ElectrosteelThe bench also clarified that if Renaissance Steel wins the case, then the Committee of Creditors (CoC) will have to return the money to Ve...
- Electrosteel Steels seeks exemption from Sebi for filing Q4, FY18 resultsRenaissance Steel's resolution application was rejected by the the Committee of Creditors (CoC) of Electrosteel Steels.
- Renaissance Steel asks NCLAT to declare Tata Steel's bid for Electrosteel 'ineligible'An NCLAT bench headed by Chairman Justice S J Mukhopadhyaya has issued notice to Tata Steel, which was the second highest bidder, and the r...
- NCLAT admits Renaissance Steel plea against Vedanta bid on ElectrosteelA two member bench of the tribunal headed by Chairman Justice S J Mukhopadhaya admitted the plea and directed to list the matter on May 28.
- Lenders to get 7.6 pc in Electrosteel after Vedanta takeoverElectrosteel acquisition would complement the Group's existing iron ore business, which comprises mining operations in Karnataka and Goa an...
- Appellate Tribunal stays sale of Electrosteel to VedantaThe appellate tribunal has ordered a status quo and directed resolution professional Dhaivat Anjaria to explain how Vedanta was chosen winn...
- NCLAT directs status quo in Electrosteel sale caseNCLAT direction came over a petition filed by Renaissance Steel which saw its resolution application being rejected by the Committee of Cre...
- Vedanta's acquisition of Electrosteel credit positive: Moody'sThe ratings agency said that Vedanta's acquisition of 90 percent of Electrosteel is credit positive "because it will enhance the company's ...
- IMA for Electrosteel Steels till Vedanta gets controlVedanta said a wholly-owned subsidiary of it would acquire Electrosteel Steels' shares for Rs 1,805 crore and provide additional funds of R...
- NCLT approves Vedanta’s bid for ElectrosteelCompany becomes first on big initial defaulters list to have a resolution plan
- Electrosteel becomes first of 'Dirty Dozen' to be resolved under Insolvency CodeAnil Agarwal said that Vedanta, which was chosen as the highest bidder, would look to complete the process of taking over Electrosteel Stee...
- RP submits Vedanta offer for Electrosteel to NCLTThe Committee of Creditors (CoC) approved the Vedanta offer after they met on March 29 to look into the Renaissance Steel's objections to b...
- Vedanta leads Electrosteel race with highest offerElectrosteel faces claims of around Rs 10,000 crore from financial creditors, rising to Rs 13,000 crore if interest and penalties are added.
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