Bhushan Steel Bids

PSU banks trade mixed post SC verdict on JSW Steel; should you buy the dip?

State Bank of India (SBI), Indian Overseas Bank (IOB), Uco Bank, Central Bank of India and Union Bank of India slipped between 1 per cent to 2 per cent in intraday deals on Monday

Revisions undermine bidding

Closure on a pre-agreed date will make the IBC process both credible and ethical

Tata Steel, JSW, Liberty House submit revised bids for Bhushan assets

Sajjan Jindal-led JSW Steel, Tata Group firm Tata Steel and UK-based Liberty House are competing with each other to acquire Bhushan Power and Steel Ltd

Insolvency process: Bhushan Power CoC may take a call on revised bids today

Only Tata Steel has submitted a revised bid on Monday

NCLAT stays voting by Bhushan Power & Steel lenders on finalising bids

The appellate tribunal also said that it would consider whether contempt of court proceedings should be initiated against the RP in the next hearing

Bhushan Steel reclassifies promoters after takeover by Tata Steel

Tata Steel emerged as biggest bidder for Bhushan Steel completed acquisition of controlling stake of 72.65% in the debt-laden firm on May 18.

Insolvency: Bhushan Power lenders asked to go ahead with selection of bids

The appellate tribunal directed the CoC to keep its decision over the bids in a sealed cover and said it would be subject to its final order.

Insolvency: Bhushan Steel staff move NCLT against Tata Steel bid

As of March 31, 2017, Bhushan Steel had a debt of Rs 481 billion

NCLT stops Bhushan Power creditors from conducting meets on resolution plan

The Bhushan Power & Steel owes nearly Rs 450 billion to its lenders

Bhushan Power and Steel creditors to announce highest bidder on March 14

Bhushan Power and Steel owes about Rs 450 billion to its lenders

Tata Steel emerges as the top bidder for debt-laden Bhushan Steel

The Committee of Creditors (CoC) of debt-laden Bhushan Steel informed on March 6, said Tata Steel in its release

Insolvency process: UK-based Liberty House bids for Bhushan Power and Steel

As of now, Tata Steel seems to be the highest bidder for Bhushan Power and Steel

Tata Steel expects Bhushan Steel sell-off to be closed this week

Tata Steel has emerged as the highest bidder for Bhushan Steel

Tata Steel, JSW-Piramal joint venture bid for debt-laden Bhushan Steel

JSW Living Pvt Ltd is a joint venture between JSW and Piramal Enterprises

JSW offer Rs 300 bn for Bhushan Steel, Rs 50 bn more than Tata's bid

The takeover, if successful, would boost JSW Steel's capacity by 5.6 mtpa, even as the lenders would have to take a 50 per cent haircut on their dues, totalling Rs 590 billion

Bhushan Steel's 9% stake encumbered with Edelweiss ARC; stocks tumble

Edelweiss ARC is one of the bidders of Bhushan Steel

Tata Steel, Vedanta, JSW to make financial bids for Bhushan Power & Steel

The last date for accepting the bids has been extended to February 8 as bidders seek more clarity on the income tax (I-T) liabilities

Bhushan Steel bids may touch double of liquidation value of Rs 150 bn

Anil Agarwal-owned Vedanta and Sajjan Jindal's JSW Steel set to make aggressive bids