Bhushan Steel has been renamed as Tata Steel BSL Ltd following an approval from the Centre for the change in its name, the steel maker said.
"Bhushan Steel Ltd has received approval from the Central Government for change in name to Tata Steel BSL Ltd on November 27, 2018, and a 'certificate of incorporation pursuant to change of name' ... has been issued by the office of the registrar of companies, New Delhi in this regard," the company said in a filing to BSE.
Bamnipal Steel Ltd (BNPL), a wholly-owned subsidiary of Tata Steel, had in May completed the acquisition of controlling stake of 72.65 per cent in Bhushan Steel Ltd (BSL).
Earlier, Tata Steel had won the bid to acquire debt-laden Bhushan Steel in an insolvency auction. The bankrupt firm was among the 12 stressed assets referred to the National Company Law Tribunal (NCLT) proceedings by the RBI last year.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.