Gupta Looks to Make Smaller Deals, and More of Them, in India
08/21/2020 - Having lost out in the bidding on several large stressed steel assets in India, industrialist Sanjeev Gupta is setting his sights on smaller plants, reports the Bloomberg news service.
According to Bloomberg, Gupta said he’ll look to acquire at least a half-dozen plants with capacities in the 300,000- to 500,000-metric-ton-range over the next five years.
“Since we were unable to acquire any big asset, we will instead go with the string of pearls strategy,” he told Bloomberg.
