14
May
14:25
Competition authority approves JSW/AION takeover of Monnet Ispat
India’s competition authority has approved the joint takeover of Monnet Ispat and Energy (MIEL) by AION Investments and JSW Steel, Kallanish learns from JSW Steel.
Last month Monet’s creditors approved the joint resolution plan submitted by AION Investments and JSW Steel (see Kallanish passim).
The conclusion of the takeover remains subject to approval from the Mumbai bench of the National Company Law Tribunal.
MIEL produces up to 1.5 million t…
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