Gold Silver Reports (GSR) – The Ruias on Thursday mounted a stunning last-ditch effort to retain the flagship Essar Steel within the family. Led by brothers Shashi and Ravi, they offered Rs 54,389 crore to lenders for settling all claims and allowing the company to exit the bankruptcy process. Indications are that they might be willing to go up to Rs 60,000 crore.
Essar Steel
JSW Steel Buys 26% In Numetal’s India Arm To Facilitate Essar Steel Bid
Gold Silver Reports (GSR) – JSW Steel Buys 26% In Numetal’s India Arm To Facilitate Essar Steel Bid — While the Mauritius-based holding company is the resolution applicant for Essar Steel, the resolution plan will be implemented through the India entity – Nu Metal & Steel Pvt Ltd.
Stocks To Watch: Essar Steel, Fortis Healthcare, JSW Steel, Tata Steel, Vedanta
Gold Silver Reports (GSR) – Stocks To Watch: Essar Steel, Fortis Healthcare, JSW Steel, Tata Steel, Vedanta — Asian stocks declined as a sell-off in once much-favored U.S. technology shares deepened and volatility soared.
Essar Steel Insolvency Case: Next Hearing On April 2
Essar Steel Insolvency Case: Next Hearing On April 2 👍 Numetal and Arcelor Mittal arguing before NCLT. 👍 Numetal asks for hearing to be deferred until April 2, 2018; says no fresh bids should be allowed. 👍 Arcelor Mittal says don’t mind fresh bidding. 👍 Numetal says they are being forced to make a …
Stocks To Watch: Axis Bank, Dilip Buildcon, Coal India, Essar Steel, Sun Pharma
Gold Silver Reports (GSR) – Stocks To Watch: Axis Bank, Dilip Buildcon, Coal India, Essar Steel, Sun Pharma — Indian equity benchmarks rose for second day in a row led by HDFC twins, Larsen & Toubro and Bharti Airtel ahead of U.S. Federal Reserve’s policy decision announced late on Wednesday.