03
Apr
13:32
Electrosteel Steels creditors approve Vedanta takeover
Electrosteel Steels’ committee of creditors has approved the resolution plan submitted by Vedanta for the takeover of the insolvent long steelmaker.
Before the takeover is completed it must first be approved by the National Company Law Tribunal (NCLT) and the Competition Commission of India.
Vedanta has accepted the terms of the Letter of Intent for Electrosteels under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous