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While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

ArcelorMittal team visits Essar Steel, Bhushan Steel plants

ArcelorMittal is among top industry players, including Tata Steel, that have submitted bids to acquire the debt-ridden...

22 Nov 2017 3:37 PM IST

Tata Steel is countrys major steel producer.

Business

Tata Steel may stick to its offer for Bhushan Power and Steel

Tata Steel indicated that it was unlikely to raise its Rs 17,000 cr bid for debt-ridden Bhushan Power and Steel.

25 Oct 2018 6:02 PM IST

India has requested the US to exempt it from the hefty tariffs on steel and aluminium imports.

Business

NCLT asks Bhushan Steel CoC to consider Liberty House bid

NCLT has directed the committee of creditors (CoC) to complete its resolution proceedings by June 23.

23 April 2018 12:24 PM IST

Bhushan Steel Ltd, acquired by Tata Steel under corporate resolution process, said today that its board of directors has approved the appointment of T V Narendran as chairman and non-executive additional director of the company.

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Bhushan Steel appoints T V Narendran as chairman

Tata Steel has completed the acquisition of 72.65 per cent stake of the company.

15 July 2018 6:48 PM IST

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Tata Steel BSL nod for issuance of 11.09 pc shares to Tata Steel

The proposals were approved in an extraordinary general meeting, chaired by Tata Steel BSL Chairman T V Narendran.

12 March 2019 8:52 AM IST

Representational image of an Indigo aircraft.

Business

From paan ki dukaan to paper formalities, epithets galore for corp gov...

'Coterie' and personal 'fiefdoms' were among the interesting usages by SFIO in its report on irregularities at IL&FS.

14 July 2019 4:40 PM IST

The countrys oldest public sector financial institution IFCI proposes to further offload its stake in National Stock Exchange.

Business

IFCI recovers Rs 280 cr from Bhushan Steel, allotted over 5.79 lakh...

IFCI said it has also been allotted 5,79,277 fully paid up equity shares of BSL having face value of Rs 2 per share.

25 May 2018 11:31 AM IST

Committee of Creditors had approved the Rs 32,500 crore deal along with 12.27 per cent equity in the company offered by Tata Steel.

Business

Bhushan Steel seeks 90 days extension to file Q4, FY18 results

Tata Steel, which won the bid for Bhushan Steel Ltd (BSL), completed the acquisition of controlling stake of 72.65 per...

24 May 2018 12:25 PM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Business

Cabinet lets home buyers have creditors tag in IBC

Under the code, financial creditor implies any person to whom a financial debt is owed.

24 May 2018 1:43 AM IST

$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

Yes Bank recovers 66 pc of original claim filed for Bhushan Steel

Shares of Yes Bank were trading 0.25 per cent lower at Rs 333.85 apiece on BSE.

23 May 2018 11:28 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

Business

SBI biggest beneficiary of Bhushan Steel sale to Tatas

Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 12 months.

22 May 2018 7:40 PM IST

Tata Steel is an arm of $103 billion Tata Group.

Business

Tata Steel to raise Rs 16,500 cr debt to fund Bhushan acquisition

Tata Steel said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan...

22 May 2018 4:38 PM IST