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Tata Steel likely to have an edge in battle for Bhushan Power

Tata Steel is said to have put in a bid of Rs 245 billion, including capital infusion of Rs 75 billion

Ishita Ayan Dutt  |  Kolkata 

Tata Steel is likely to have an edge in the battle for Bhushan Power & Steel after the Committee of Creditors (CoC) sat through presentations on resolution plans from all bidders on Monday. All the three bidders — Tata Steel, Liberty House and JSW Steel — made presentations on their resolution plans.

Lenders who met informally after the presentations might be in favour of Tata Steel's resolution plan, since there were some concerns regarding the funding plan of Liberty House, sources said. ALSO READ: Bhushan Steel appoints two additional directors on ...

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First Published: Tue, June 12 2018. 21:45 IST
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