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Three Vying for Ownership of Bhushan Steel
02/20/2018 - Officials overseeing Bhushan Steel Ltd.’s insolvency process have begun weighing offers for the Indian cold-rolled producer, according to the Press Trust of India.
According to PTI, bids have been received from Tata Steel, an entity that includes JSW Steel, and a consortium of Bhushan employees.
Bhushan Steel was one of a dozen debt-laden companies forced into insolvency resolution proceedings by India’s central bank last year.
PTI has more here.
Bhushan Steel was one of a dozen debt-laden companies forced into insolvency resolution proceedings by India’s central bank last year.
PTI has more here.
