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GFG Alliance appoints Sandip Biswas as group chief investment officer - Jammu Kashmir Latest News | Tourism

GFG Alliance appoints Sandip Biswas as group chief investment officer - Jammu Kashmir Latest News | Tourism
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Tata Steel settles unpaid debt claim with Liberty Steel out of court

Tata Steel settles unpaid debt claim with Liberty Steel out of court
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Tata Steel drags Liberty Steel to UK court over payment default

Tata Steel drags Liberty Steel to UK court over payment default
April 22, 2021
Liberty Steel had acquired Tata’s UK plant for £100 m in 2017
Tata Steel UK has dragged the troubled Liberty Steel to the commercial court in the UK for failing to make the full payment for acquisition of its speciality steel product plant in 2017.
Indian-born British steel tycoon Sanjeev Gupta-led GFG Alliance through Liberty Steel had acquired then struggling plant for about £100 million with a staggered payment option.
It is reliably learnt that Liberty Steel has now missed payment to close the deal. Following this, Tata Steel has approached the UK Court to file proceedings against GFG Alliance group companies Liberty Speciality Steels, Liberty House Group PTE and Liberty Speciality Steel UK, said sources. ....

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Changing Perception: Sanjeev Gupta's Liberty Steel Group To Publish Audited Results In Early 2021

Changing perception: Sanjeev Gupta s Liberty Steel Group to publish audited results in early 2021
Often criticised for not being transparent enough, the $15 billion group has appointed a global auditor. It will soon publish its annual report for 2020 financial year, GFG Alliance s Chief Investment Officer Jay Hambro said. Liberty Steel is part of GFG Alliance.
December 23, 2020 / 05:41 PM IST
The Sanjeev Gupta-led Liberty Steel Group, which has been often singled out by critics for not being transparent enough about its financials, has taken multiple steps that could be a game changer for its perception, a senior executive has said.
The $15 billion group that has operations in 10 countries, including in India, had earlier this year appointed a board that includes independent non-executive members. We have now appointed one global auditor, bringing all our units together to make a whole. All these units will have the same financial standards, including the s ....

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