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ArcelorMittal bets big on insolvent firms to build its India empire

World's largest steel co set to buy Uttam Galva

Topics
ArcelorMittal | steelmakers | Uttam Galva Steels

Dev Chatterjee  |  Mumbai 

arcelormittal, steel maker

The world’s largest steel maker, ArcelorMittal, is all set to acquire yet another insolvent firm in India–Uttam Galva Steels--by submitting a resolution plan to its lenders. With this, will be taking over yet another company in India that was sent to the insolvency courts for debt resolution following a default.

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First Published: Fri, May 20 2022. 19:15 IST
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