Tata Steel BSL logo

TATASTLBSL - Tata Steel BSL News Story

₹21.8 0.0  0.0%

Last Trade - 22/09/20

Sector
Basic Materials
Size
Small Cap
Market Cap £252.9m
Enterprise Value £1.93bn
Revenue £1.76bn
Position in Universe 469th / 3010

India's Tata Steel emerges as top bidder for Bhushan Steel

Wed 7th March, 2018 1:11pm
March 7 (Reuters) - India's Tata Steel Ltd  TISC.NS  said on
Wednesday it was selected as the highest bidder to buy a
controlling stake in debt-laden Bhushan Steel Ltd  BSSL.NS , as
part of bankruptcy proceedings.
    The advisers to the committee of creditors and resolution
professional of Bhushan Steel are in talks with Tata Steel on
the resolution plan, the company said in a stock exchange
filing. http://bit.ly/2D8Fe8P
    Bhushan Steel had said last month that the resolution
professional received plans from Tata Steel, JSW Living and
employees of Bhushan Steel.  urn:newsml:reuters.com:*:nFWN1Q802B

 (Reporting by Tanvi Mehta in Bengaluru; Editing by Subhranshu
Sahu)
 ((tanvi.mehta@thomsonreuters.com; +91 80 67494756 ; Reuters
Messaging: tanvi.mehta.thomsonreuters.com@reuters.net))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.