Bhushan Steel Ltd (BSSL.NS)
22 Jun 2018
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.
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.
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.
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.
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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.
* Company specialises in steel for car industry (Adds background, details from analysts)
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.
* Stake sale at below market price, founding family member says