 "Rising commodity prices to take a toll on Q2 results")
JSW Steel is joining hands with AION Capital for its Monnet Ispat & Energy bid. Monnet is under insolvency resolution and bidders have been invited to file an expression of interest by Monday.
Sources said AION would have a minority stake and provide financial backing. E-mails sent to JSW officials went unanswered and AION didn’t comment.
AION, with $825 million in committed capital, was established in a partnership between ICICI Venture and Apollo Global Management. The sources indicated JSW, controlled by Sajjan Jindal, intends to bid for most of the stressed steel companies going through insolvency proceedings —
Sources said AION would have a minority stake and provide financial backing. E-mails sent to JSW officials went unanswered and AION didn’t comment.
AION, with $825 million in committed capital, was established in a partnership between ICICI Venture and Apollo Global Management. The sources indicated JSW, controlled by Sajjan Jindal, intends to bid for most of the stressed steel companies going through insolvency proceedings —
