22
Oct
14:18
Liberty restarts Adhunik operations following acquisition
Liberty Steel has resumed first-phase production at Adhunik Metaliks and Zion Steel after acquiring the formerly insolvent Indian units in February. Adhunik will transition to “GREENSTEEL” and integrate into the Liberty Group.
The acquisition was completed after Liberty successfully appealed an earlier decision by the National Company Law Tribunal to liquidate the units after Liberty failed to implement its accepted Resolution Plan on time (see Ka…
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