GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Insolvency Auction: Tata Steel Wins Bid for Bhushan Steel

Tata Steel said it has accepted the letter of intent (LoI) for BSL under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code 2016 (IBC).

PTI

Updated:March 23, 2018, 11:34 AM IST
facebookTwittergoogleskypewhatsapp
Insolvency Auction: Tata Steel Wins Bid for Bhushan Steel
Representative image
New Delhi: Tata Steel Ltd on Friday said it has won the bid to acquire debt-laden Bhushan Steel (BSL) in an insolvency auction.

In a statement, the company said it has been "declared as the successful resolution applicant by the committee of creditors of Bhushan Steel Limited on March 22, 2018, subject to obtaining necessary regulatory approvals, including approval from the NCLT and the Competition Commission of India."

Tata Steel said it has accepted the letter of intent (LoI) for BSL under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code 2016 (IBC).

Also Watch

| Edited by: Nitya Thirumalai
Read full article
Most Active
Company Price Change %Gain
Bajaj Finance 2,149.65 +83.15 +4.02
Reliance Comm 15.30 -1.10 -6.71
Voltas 551.75 -31.45 -5.39
Maruti Suzuki 8,510.95 -186.55 -2.14
Bajaj Auto 2,787.50 -27.95 -0.99
Company Price Change %Gain
Reliance Comm 15.35 -1.20 -7.25
Bajaj Finance 2,143.70 +76.45 +3.70
Dabur India 375.00 +3.70 +1.00
Maruti Suzuki 8,512.55 -197.25 -2.26
Cadila Health 369.65 -17.20 -4.45
Top Gainers
Company Price Change %Gain
Bajaj Finance 2,149.65 +83.15 +4.02
Bajaj Finserv 5,729.80 +160.55 +2.88
Tech Mahindra 692.95 +17.15 +2.54
HUL 1,605.80 +36.00 +2.29
Kotak Mahindra 1,294.40 +23.70 +1.87
Company Price Change %Gain
HUL 1,604.10 +34.85 +2.22
Kotak Mahindra 1,294.25 +25.25 +1.99
ITC 282.15 +3.15 +1.13
IndusInd Bank 1,926.20 +12.95 +0.68
TCS 3,502.35 +9.65 +0.28
Top Losers
Company Price Change %Gain
Cipla 533.05 -20.70 -3.74
Wipro 268.90 -9.45 -3.40
ICICI Bank 286.10 -9.90 -3.34
Indiabulls Hsg 1,139.05 -39.05 -3.31
Tata Motors 304.60 -10.30 -3.27
Company Price Change %Gain
Larsen 1,316.05 -48.25 -3.54
ICICI Bank 286.40 -9.50 -3.21
Sun Pharma 464.70 -15.40 -3.21
Tata Motors 305.25 -9.90 -3.14
Tata Steel 591.50 -18.55 -3.04