03
Apr
13:36
Jindal SAW gets regulatory approval for SIL acquisition
Jindal SAW has received National Company Law Tribunal (NCLT) Hyderabad Bench approval to acquire Sathavahana Ispat (SIL) through the insolvency resolution process, the steel company says.
Jindal SAW has proposed to pay INR 694 crore ($84.31 million) towards admitted and contingent claims.
The other resolution applicants who had submitted expressions of interest include Vedanta, Welspun Corp, Trimex Industries, Ares SSG Capital Management (Singapore), Sarda Mines …
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Anonymous
Very good overview of the weekly steel market.
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