JSW Steel Ltd will support Ruia family’s bid to win back control of Essar Steel, says report
Updated : January 24, 2019 11:17 AM IST
According to the report, the sources have said that JSW is in talks to become an equity partner with the Essar group, along with foreign financial investors.
Ruias have offered to repay the bulk of Essar Steel’s debt of Rs 54,550 crore, which is significantly higher than the Rs 42,000 crore bid by ArcelorMittal that was approved by the bankrupt steel maker’s committee of lenders.
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