Published On:November 22 2019
Story Viewed 157 Times

JSW Steel gets letter of intent for Bhushan Power & Steel acquisition.

Bhushan Power & Steel, one of the 12 cases mandated by the Reserve Bank of India to be resolved under the Insolvency and Bankrutcy Code (IBC) has got a leg-up with the letter of intent (LOI) of being issued in JSW Steel's favour. Sources close to the development said the next step was to file the resolution plan with the National Company Law Tribunal (NCLT) for approval.

JSW Steel's upfront offer for Bhushan Power was Rs. 19,300 crore and another Rs. 350 crore had been offered for operational creditors. 

BS





OUR OTHER PRODUCTS & SERVICES: Projects Database | Tenders Database | About Us | Contact Us | Terms of Use | Advertise with Us | Privacy Policy | Disclaimer | Feedback

This site is best viewed with a resolution of 1024x768 (or higher) and supports Microsoft Internet Explorer 4.0 (or higher)
Copyright © 2016-2019

Technology Partner  aaRKayeN Solutions