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2 mins read
Essar raises $2.05 bn from sale of ports, power assets; clears $25 bn debt of Indian banks
Essar Ports & Terminals (EPTL) and Essar Power (EPL) concluded the $2.05 billion (₹16,500 c…
2 mins read
Arcelor Mittal Nippon Steel signs ₹19,000 crore deal to buy Essar's port and power assets
Essar on Friday announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS) fo…
2 mins read
ArcelorMittal's $6.1 billion bid for Essar Steel is on hold again
A bench headed by Justice Rohinton F. Nariman admitted the appeals by Essar Steel lenders …
2 mins read
ArcelorMittal Q1 net income falls over 73% to USD 1,096 mn
Global steel giant ArcelorMittal on Thursday posted a 74.43 per cent fall in its net income at USD …
PTI
1 min read
Tata Steel and JSW welcome competition from ArcelorMittal after it buys Essar
Presence of more companies in the market will lead to more innovations, quality and R&D act…
PTI
1 min read
ArcelorMittal aims to complete Essar Steel acquisition by 2019-end
New Delhi, Nov 19 () Following the Supreme Court verdict on Essar Steel resolution plan, global ste…
PTI
1 min read
Look forward to close Essar Steel acquisition soon: ArcelorMittal
New Delhi, Nov 15 () Global steel giant ArcelorMittal on Friday said it is looking forward to close…
PTI
6 mins read
EXCLUSIVE: India’s bankruptcy board Chairman explains the evolution of the country's insolvency laws
India’s new bankruptcy law is providing what the country now needs - a way for creditors to gain wh…
2 mins read
ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition
New Delhi, Dec 13 () Global steel giant ArcelorMittal has initiated payment for acquisition of debt…
PTI
2 mins read
EXCLUSIVE: New amendment to bankruptcy law has Prashant Ruia’s personal guarantee on its radar
India’s Finance Ministry is sitting on a new amendment to the bankruptcy law. That might be a big…
3 mins read
Essar to further cut down debt by 70 pc in last leg of deleveraging exercise
Essar said it has made capital investments of over Rs 2 lakh crore (about USD 28 billion) in secto…
PTI
1 min read
AMNS India parent signs USD 5 bn term loan to refinance Essar Steel acquisition
"AMNS Luxembourg Holding S A (AMNS), the parent company of the AMNS India joint venture between Nip…
PTI
2 mins read
India’s steel industry is set for a shakeup after ArcelorMittal finally emerges as the winning bidder for Essar Steel
The decision caps an eight-month long saga which saw the company vy for the prized assets of …
2 mins read
ArcelorMittal submits a higher bid for bankrupt Essar Steel but on one condition
A fresh round of bidding for the indebted Essar Steel - which was one of the first 12 accounts iden…
3 mins read
Essar signals resuming investment-led growth plan
"Committed gas supply contracts for the Essar Steel Complex were withdrawn in 2012 and allotted co…
PTI
2 mins read
India's biggest deal worth Rs 72,800 crores: Essar oil sells to Russia's Rosneft
The all-cash deal will give Rosneft and its partners control of Essar's 20 million tonne refinery i…
1 min read
AMNS to ramp up finished steel output to 8.5 MT by 2024-end
The first stage involves investments to increase the production of finished steel goods sustainabl…
PTI
2 mins read
ICICI Bank’s bad loans widens, expects to fall in next nine months
Its bad loans ratio widened in the three months to stand at 6.82 percent of total lending at the en…
5 mins read
2018 was a big year for mergers and acquisitions in India. Here are the top deals
This year proved to be quite a robust one for mergers and acquisitions for Indian corporates. Bu…
3 mins read
Haircut on cases resolved through IBC not very encouraging, says Kotak report
Haircuts on cases resolved through the Insolvency and Bankruptcy Code (IBC) are still very high, ne…