Business Today: Latest Business News, India economy News, Stock Markets, Sensex, Mutual Funds and Indian Tax
Search

Total 20 results found. Search for [ KSS Petron ]

Results 1 to 20 of 20
BusinessToday.In
New Delhi, September 14, 2018
The Mittal-owned company told the SC it would lift the escrow on Rs 7,000 crore and pay the money owed by Uttam Galva and KSS Petron -- the defaulting companies in which the steel tycoon is classified as promoter -- if it gets to bid successfully for Essar Steel.


BusinessToday.In
New Delhi, September 11, 2018
Numetal's first bid was rejected due to the 25% share owned by Rewant Ruia, the son of Essar Steel founder Ravi Ruia, since he was deemed a related party. JSW Steel bought out this contentious stake ahead of the second bidding round


PTI
September 10, 2018
World's largest steel producer ArcelorMittal on Monday offered Rs 42,000 crore to acquire Essar Steel Ltd, upstaging a Rs 37,000 crore bid by Russia's VTB Group-backed Numetal.


BusinessToday.In
New Delhi, September 7, 2018
Numetal's first bid was rejected due to the 25% share owned by Rewant Ruia, the son of Essar Steel founder Ravi Ruia, since he was deemed a related party.


PTI
May 25, 2018



PTI
New Delhi, May 17, 2018
ArcelorMittal, the only other bidder to have put in a bid for Essar Steel in the first round in February, however, opposed the opening of the second round of bids and wanted only the first round of bids to be considered.


PTI
May 17, 2018



BusinessToday.In
May 16, 2018
Last week, Essar Steel's Committee of Creditors (CoC) told both suitors, ArcelorMittal and Numetal, that their bids would only be considered if they repaid all pending dues owed by people/entities connected to them within a week.


PTI
May 16, 2018
The move to park about Rs 7,000 crore in an escrow account of State Bank of India (SBI) follows ArcelorMittal's bid for Essar Steel coming in for questioning because of its past shareholding in loan defaulter firm, Uttam Galva Steel.


PTI
May 15, 2018



Nevin John
New Delhi, May 9, 2018
India-born British industrialist Sanjeev Gupta plans to invest $10 billion (Rs 67,500 crore) in the Indian market in the next couple of years, including for buying bankrupt assets in steel and auto.


Nevin John
New Delhi, May 2, 2018
Its now largely up to the court to facilitate the sale of Essar Steel.


PTI
April 27, 2018



Nevin John
New Delhi, April 25, 2018
The new round of bid will see larger bids since it will be the last chance to win the battle. In addition, the bids may go up the size of over Rs 35,000 crore, when Essar's loans stands at around Rs 45,000 crore. 


PTI
April 24, 2018



PTI
April 4, 2018



Nevin John
New Delhi, March 29, 2018
ArcelorMittal, one of the two bidders who had submitted the bid in the first round, says it doesn't mind fresh bids.


Prosenjit Datta
New Delhi, March 13, 2018
As the 12 big cases referred under the Insolvency and Bankruptcy Code (IBC) to the National Companies Law Tribunal (NCLT) approach the 180 day deadline for resolution


BusinessToday.in
March 5, 2018
The resolution professional and the committee of lenders are expected to decide on the bids soon.


Nevin John
February 8, 2018
The Committee of creditors are evaluating all the proposals and contemplating the options of taking more participations to fetch better value for the stressed asset.


PAGES 1 OF 1