Thursday, Mar 28, 2024 | Last Update : 10:13 PM IST

arcelormittal

ArcelorMittal aims to complete Essar Steel acquisition by 2019-end

The Supreme Court on Friday paved the way for ArcelorMittal takeover of Essar Steel for Rs 42,000 crore.

19 Nov 2019 11:22 AM

Look forward to close Essar Steel acquisition soon: ArcelorMittal

Essar Steel was auctioned under the new IBC to recover Rs 54,547 cr of unpaid dues of financial lenders and operational creditors.

15 Nov 2019 4:17 PM

Supreme Court clears path for ArcelorMittal to acquire Essar Steel

The apex court said operational creditors cannot be treated on par with financial creditors of a bankrupt company.

15 Nov 2019 12:27 PM

ArcelorMittal reports USD 0.447 billion net loss for June quarter

The company said its gross debt was at USD 13.8 billion as of June-end this year.

01 Aug 2019 1:04 PM

Cayman Island court refuses worldwide freeze on Essar Global Fund

ArcelorMittal did not reply to an email sent for comment.

25 Jul 2019 6:33 PM

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NCLAT to hear ArcelorMittal's plea on EPC Construction on August 8

The NCLT has rejected ArcelorMittal's plea against bid of Royale Partners Investment Fund for ECIL, formerly Essar Projects India.

16 Jul 2019 9:01 AM

ArcelorMittal to cut more than 2,000 jobs, shares drop

The company expected headline results to fall by at least 650 million rand (USD 45.78 million) in the first half of its financial year.

10 Jul 2019 3:36 PM

NCLAT rejects Ruia's bid to block ArcelorMittal; approves bid for Essar Steel

Essar Steel was auctioned under the new IBC to recover Rs 54,547 cr of unpaid dues of financial lenders and operational creditors.

05 Jul 2019 9:09 AM

NCLAT clears ways for takeover of Essar Steel by ArcelorMittal

Total claims of financial and operational creditors stand revised to Rs 69,192 crore.

04 Jul 2019 3:36 PM

EU blocks Thyssenkrupp-Tata steel merger plan

The aim of the merger had been to create the second largest European steel company behind multinational giant ArcelorMittal.

11 Jun 2019 5:25 PM

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NCLAT reserves order on ArcelorMittal takeover of Essar Steel

Essar Steel has reported an Ebitda of around Rs 4,000 crore during the over 600 days of insolvency period.

21 May 2019 5:22 PM

ArcelorMittal to pay Rs 42K cr for Essar Steel takeover: Co tells NCLAT

Senior advocate Harish Salve appearing for ArcelorMittal accused Ruias of creating hurdles in Essar Steel resolution process.

20 May 2019 5:18 PM

Essar Steel reports Rs 4,229 crore EBITDA during insolvency period

The Committee of Creditors (CoC) had voted in favour of Rs 42,000 crore take over plan of the global steel major ArcelorMittal.

19 May 2019 12:43 PM

ArcelorMittal resolution plan violative of IB Code: Ruia to NCLAT

Essar Steel submitted before the NCLAT that the resolution plan moved by ArcelorMittal is in violation of the IBC.

16 May 2019 8:39 AM

Tata Steel to continue to explore various business options in Europe: TV Narendran

The journey of de-leveraging and creating structurally strong enterprise continues, said TV Narendran.

15 May 2019 12:45 PM

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Essar Steel shareholder seeks rejection of ArcelorMittal bid for company

Essar Steel shareholder ESAHL said ArcelorMittal India Ltd and its promoter Lakshmi Mittal had 'misled' Supreme Court.

07 May 2019 3:12 PM

Essar Steel posts EBITDA of Rs 2,000 crore, may use funds to repay creditors

The CoC had challenged the orders of the NCLAT of March 18 and March 20 before the Supreme Court by filing an SLP.

29 Apr 2019 1:48 PM

ArcelorMittal gets EC nod to sell European steel assets to Liberty House

The transaction closing is anticipated to occur before the end of the first half of this year.

18 Apr 2019 9:01 AM

Supreme Court halts ArcelorMittal payment to buy Essar Steel: report

India’s bankruptcy court had approved ArcelorMittal’s USD 6 billion bid for debt-ridden Essar on March 8.

12 Apr 2019 4:33 PM

NCLAT may ask ArcelorMittal to deposit Rs 42,000 cr for acquiring Essar Steel

The bench also directed the operational creditors and financial creditors of Essar Steel to file a chart next week.

09 Apr 2019 3:59 PM

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