Page 14 - Arcelormittal

Essar steel case: GPI Textiles withdraws plea against Arcelor's bid

With dues worth Rs 300 crore, the RP had moved NCLT Ahmedabad without prior approval of GPI Textiles' CoC or NCLT Chandigarh, under whose jurisdiction it fell

CoC to decide on ArcelorMittal, Royale revised bids for EPC Constructions

Lenders were also interested in equity infusion apart from the upfront payment

ArcelorMittal, JSW Steel likely to bid for Asian Colour Coated Ispat

JSW has an aggressive expansion plan and is on the lookout for smaller downstream units

JSW Steel, Tata Steel see no threat to business with ArcelorMittal's entry

Both companies see ample scope for new players in the market, where steel demand is likely to grow by a good 7-8% a year as against the global pace of demand growth of around 5%

Essar Steel operational creditor moves NCLT against ArcelorMittal takeover

In the settlement plan made by ESAHL, all the Rs 543.89 billion dues of financial and operational creditors will be settled

ArcelorMittal Q3CY18 net income drops 25% to $900 mn, debt touches $13 bn

Chairman and CEO Lakshmi N Mittal said the company has recently been named successful bidder for Essar Steel, which provides a unique opportunity to establish a meaningful production presence in India

ArcelorMittal exploring possibility of taking ownership of Uttam Galva

But, the firm is not looking at operational control of KSS Petron

ArcelorMittal to pay Rs 74.69 bn to creditors of Uttam Galva, KSS Petron

Around 80 per cent of the Rs 74.69 billion the firm pays would go towards meeting the dues of Uttam Galva. The balance would be for KSS Petron

ArcelorMittal offers Rs 45 billion to be eligible for Essar Steel bid

The amount calculated for Uttam Galva is Rs 39.87 billion and for KSS Petron Rs 5.67 billion

ArcelorMittal to sell assets to Liberty House as part of Ilva acquisition

The steel giant said that the closing of the deal with Liberty House, a metals and industrial group with operations covering more than 30 countries, was subject to completion of the Ilva acquisition

ArcelorMittal in talks with lenders on payment of dues as deadline looms

The Supreme Court had on October 4 granted time to ArcelorMittal and Numetal to clear dues for NPAs to be eligible to bid for Essar Steel

SC to decide on eligibility of ArcelorMittal and Russia's NuMetal: CoC

A bench of Justices R F Nariman and Indu Malhotra was told by Gopal Subramaniam, representing the COC, that the concept of "lifting of corporate veil" has to be given "exhaustive" interpretation

Arcelor wrongly allowed to pay dues after bidding for Essar Steel: NuMetal

ArcelorMittal had earlier claimed that NuMetal was not eligible to bid for Essar Steel on several grounds

SBI-led banks asked ArcelorMittal to pay dues of two firms: NuMetal to SC

SC had earlier asked NuMetal to establish that there was "subterfuge" on part of rival ArcelorMittal in divesting its shares in two debt-ridden firms before bidding for Essar Steel

ArcelorMittal needs lenders' nod on Uttam Galva Steels shares, says SBI

Sale of shares by Mittal violates non-disposal agreement, says the bank

ArcelorMittal's raised offer for Essar Steel plunges shares by 2.6%

ArcelorMittal had raised its bid to Rs 420 billion, well above the 305 billion reported earlier

Essar Steel auction: SC to hear ArcelorMittal's plea against NCLAT tomorrow

A bench of Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud said, 'We will hear the plea tomorrow'

Legal plot twists spoiling the show for ArcelorMittal in Essar Steel case

London-based billionaire Lakshmi Mittal is being arm-twisted into ponying up $1 bn to settle two other, unconnected non-performing loans to Indian banks to be able to win the race for Essar Steel

ArcelorMittal reaches Ilva deal with unions, opening way for takeover

ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe

ArcelorMittal urges NCLAT to disqualify NuMetal's bid for Essar Steel

The NCLAT had on May 22 ordered status quo on insolvency of Essar Steel for two months as it admitted petitions of Numetal and ArcelorMittal over the bidding eligibility