Bhushan Steel Ltd (BSSL.NS)
16 Mar 2018
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_03082018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 9:30 am: Muthoot Finance MD George Muthoot and other NBFC officials at “The Economic Times NBFC and MFI Summit” in Mumbai. 9:30 am: Junior Aviation Minister Jayant Sinha, TVS Capital Chairman Gop
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
NEW DELHI, Dec 15 India's state steel company will start producing automotive steel in a $1 billion partnership with ArcelorMittal in three years, a top government official said, helping cut imports of high-grade steel as the country revs up car manufacturing.
NEW DELHI State-owned Steel Authority of India Ltd (SAIL) is set to approve a long-proposed $1 billion (£0.8 billion) joint venture with ArcelorMittal at its board meeting next week, three sources with direct knowledge of the matter told Reuters.
NEW DELHI, Dec 7 State-owned Steel Authority of India Ltd (SAIL) is set to approve a long-proposed $1 billion joint venture with ArcelorMittal at its board meeting next week, three sources with direct knowledge of the matter told Reuters.
MUMBAI/TOKYO, Nov 22 Japan's JFE Holdings Inc and India's JSW Steel Ltd are lining up a joint bid with a private equity firm for the assets of India's insolvent Bhushan Steel Ltd, two industry sources familiar with the matter said.