News report - Suitors put in bids for Bhushan Power assets.
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Steel Industry News Archive

World iron and steel industry news headlines

The following news item appeared in the international steel industry press.

Title: Suitors put in bids for Bhushan Power assets
Date: Tue, 14 Aug 2018 00:00:00 GMT

Report: Tata Steel, Liberty House and JSW have submitted bids for the second time to acquire debt-laden Bhushan Power and Steel Ltd, news agency PTI reported citing sources. The bids were reportedly submitted to Committee of Creditors (CoC) late Monday night by the three parties. On August 6, the National Company Law Appellate Tribunal (NCLAT) had extended the deadline for submission of revised bids for BPSL by one week on the plea of Tata Steel, a resolution applicant in this.
Keywords: tata, jsw, debt, coc, bpsl, steel, power, bhushan, submitted

Source: The Economic Times, Haryana, India.
Press release: see full report.

Related: For more information see history of Tata Steel.




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