Mumbai: A day after the Rs 54,000-crore offer, made by the Essar Steel’s board and shareholders to repay the entire debt of the company, ArcelorMittal on Friday said the Committee of Creditors (CoC) has voted to approve its acquisition plan for the debt-laden steel company. It also said resolution professional,[Read More…]
Tag: ArcelorMittal
ArcelorMittal sweetens offer for Essar Steel as bids received were opened
Emphasising its commitment to clear its dues on Uttam Galva and KSSPetron, ArcelorMittal on Monday said it has submitted a substantially higher bid to the Committee of Creditors (CoC) of insolvent Essar Steel. Last Friday, National Company Law Appellate Tribunal (NCLAT) had ruled that ArcelorMittal must pay its dues by Tuesday to enable consideration of[Read More…]