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Electrosteel Steels update on CIRP

Capital Market 

Receives 2 resolution plans

Electrosteel announced that the Resolution Professional on close of business on 04 January 2018 has received 4 Resolution Plans from following resolution applicants:

1. Renaissance Steel India;
2. Tata Steel;
3. Vedanta;
4. Edelweiss acting as the of EISAF II and EC Holdings, with support of

The RP of the Company is in the process of verifying the same in accordance with the provisions of the IBC and related rules and regulations issued thereunder.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 15:48 IST