Tag: Electrosteel Steels

Electrosteel takeover: Lenders validate eligibility of Vedanta, Tata Steel

In a battle for taking over insolvent Electrosteel Steels, lenders to the steel producer on Thursday decided to go ahead with Vedanta, rejecting objections raised by the Renaissance Steel on the eligibility of the former to bid for debt-laden company. The Kolkata bench of the National Company Law Tribunal (NCLT) on March 20, had directed …

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March 30, 2018