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
Loading...
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).
| Edited by: Nitya Thirumalai
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
SBI 283.60 2.00
Sun Pharma 520.10 -7.41
HDFC Bank 1,957.75 1.56
Tata Steel 589.10 -0.02
ICICI Bank 366.60 1.58
Company Price Change %Gain
SBI 283.70 2.00
Ambuja Cements 211.15 2.60
Sun Pharma 520.35 -7.36
HUL 1,704.10 1.91
Ashok Leyland 106.60 -10.46
Top Gainers
Company Price Change %Gain
HPCL 243.70 4.68
BPCL 315.95 4.22
UPL 760.25 3.22
Maruti Suzuki 7,369.05 3.06
ONGC 161.00 2.88
Company Price Change %Gain
Maruti Suzuki 7,372.35 3.16
HUL 1,704.10 1.91
Asian Paints 1,319.90 2.73
ONGC 160.75 2.72
SBI 283.70 2.00
Top Losers
Company Price Change %Gain
Sun Pharma 520.10 -7.41
Tech Mahindra 700.25 -3.82
GAIL 352.55 -3.50
HCL Tech 997.10 -3.49
Kotak Mahindra 1,129.90 -3.09
Company Price Change %Gain
Sun Pharma 520.35 -7.36
Kotak Mahindra 1,129.55 -3.04
TCS 1,880.55 -2.85
M&M 770.40 -2.62
Infosys 653.45 -1.84

Live TV

Loading...
Loading...