Usha Martin
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September 15, 2019, Sunday
Prashant Jhawar resigns as non-executive director of Usha Martin
Alleges several illegalities and non-compliance of the provisions of law by the directors and management in running the company
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August 17, 2019, Saturday
ED attaches Usha Martin assets worth Rs 190 cr over illegal iron ore sales
Mineral sold was meant for firm's captive use; attached properties pertain to Usha Martin's wire rope business, mines were ...
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March 31, 2019, Sunday
Tussle at Usha Martin sees Basant Kumar Jhawar's ouster from board
The two factions at the apex of Usha Martin's, of Basant-Prashant Jhawar and Brij-Rajeev Jhawar, have been at odds with each ...
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December 14, 2018, Friday
Usha Martin MD Rajeev Jhawar under ED scanner for FEMA violations: Sources
They registered his statement under FEMA in connection with the purchase and registration of an immovable asset in Singapore in ...
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November 19, 2018, Monday
Usha Martin-Tata Steel deal: Basant-Prashant Jhawar may sell majority stake
Basant and Prashant Jhawar had been pressing for the sale of the entire company, even while discussion with Tata Steel was on for ...
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November 11, 2018, Sunday
Usha Martin gets nod from 99.99% shareholders for steel biz sale to Tatas
A special resolution in this regard was passed with requisite majority at Usha Martin Limited's extraordinary general meeting
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November 10, 2018, Saturday
Usha Martin hopes to close the sale of steel business to Tata in 3 months
At June end, Usha Martin's debt stood at Rs 47 billion. The residual debt on the Usha Martin balance sheet would be just working ...
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October 29, 2018, Monday
Basant, Prashant Jhawar to vote in favour of Usha Martin sale to Tata Steel
Days after the Tata Steel deal, Basant and Prashant Jhawar had raised concerns about the utilisation of funds from the sale
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October 10, 2018, Wednesday
Usha Martin to seek shareholders' approval for sale of steel biz to Tatas
The approval will be sought through special business in the extraordinary general meeting next month
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October 01, 2018, Monday
Usha Martin management proposes escrow on steel biz sale proceeds
Putting sales proceeds in such deals is a standard mechanism but not the only mechanism, industry experts said
