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ArcelorMittal signs JV agreement with NSSMC to acquire Essar Steel

ArcelorMittal signs JV agreement with NSSMC to acquire Essar Steel
ArcelorMittal signs JV agreement with NSSMC to acquire Essar Steel
ArcelorMittal On Friday Said It Has Entered Into A Joint Venture Pact With Nippon Steel & Sumitomo Metal Corporation (NSSMC) To Jointly Acquire The Assets Of Essar Steel.
PTI
| Updated on: 03 Mar 2018, 02:38:49 PM
New Delhi:
ArcelorMittal on Friday said it has entered into a joint venture pact with Nippon Steel & Sumitomo Metal Corporation (NSSMC) to jointly acquire the assets of Essar Steel. The company’s arm ArcelorMittal India Pvt. Ltd (AMIPL) had submitted a resolution plan for Essar Steel on 12 February, which outlined the intention to have NSSMC formally join its bid for Essar Steel. ....

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'Record' FDI inflows, yes, cause for celebration, no

'Record' FDI inflows, yes, cause for celebration, no
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

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Hungry for Stressed Assets- Business News

Hungry for Stressed Assets
Private equity and stressed asset funds continue to show interest in acquiring value assets undergoing insolvency proceedings despite delays and litigation
Illustration by Raj Verma
The battle for acquiring Dewan Housing Finance Ltd, the first financial service provider to go through insolvency proceeding, is intensifying with Adani group s last minute revised offer, taking other bidders, also called resolution applicants, by surprise.
While others in the race - Piramal Enterprises and foreign distressed asset firms such as Oaktree Capital and SC Lowy - took umbrage at the last-minute change in Adani group s offer and threatened to pull out of the bidding process, Adani hit out at them for using the media to prevent maximisation of value for lenders and depositors. ....

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