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Bhushan Steel Ltd (BSSL.NS)

BSSL.NS on National Stock Exchange of India

31.95INR
23 May 2018
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Rs1.50 (+4.93%)
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Fri, May 18 2018

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Tata Steel completes $5.2 billion purchase of bankrupt Bhushan Steel

India's Tata Steel Ltd said on Friday it had completed the acquisition of a 72.7 percent stake in Bhushan Steel Ltd , which was in bankruptcy court over unpaid loans.

Tata Steel completes $5.2 bln purchase of bankrupt Bhushan Steel

May 18 India's Tata Steel Ltd said on Friday it had completed the acquisition https://www.bseindia.com/xml-data/corpfiling/AttachLive/0e7c87d5-5b96-43fa-a678-a179bd080daa.pdf of a 72.7 percent stake in Bhushan Steel Ltd, which was in bankruptcy court over unpaid loans.

Tata Steel offers $5.4 billion to take over bankrupt Bhushan Steel: source

MUMBAI Tata Steel has offered to pay a little more than 350 billion rupees ($5.4 billion) to lenders of Bhushan Steel & Power to take over the bankrupt steelmaker, a source with direct knowledge of the deal said.

Tata Steel selected as successful applicant to buy Bhushan Steel

March 23 India's Tata Steel Ltd said on Friday it had been selected as the successful resolution applicant for buying debt-laden Bhushan Steel Ltd.

India's Tata Steel emerges as top bidder for Bhushan Steel

MUMBAI Tata Steel Ltd said on Wednesday it had been selected as the highest bidder to buy a controlling stake in debt-laden Bhushan Steel Ltd , ending weeks of speculation on which Indian group would clinch a deal.

UPDATE 1-India's Tata Steel emerges as top bidder for Bhushan Steel

* Company specialises in steel for car industry (Adds background, details from analysts)

India's Tata Steel emerges as top bidder for Bhushan Steel

March 7 India's Tata Steel Ltd said on Wednesday it was selected as the highest bidder to buy a controlling stake in debt-laden Bhushan Steel Ltd, as part of bankruptcy proceedings.

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