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ArcelorMittal raises Essar Steel bid to Rs 42,000 crore, says report

Updated : October 24, 2018 09:41 AM IST

The revised offer to the bankers now includes an upfront payment of Rs 39,500 crore, the report said.
The earlier offer made by ArcelorMittal included Rs 35,000 crore upfront payment to lenders and an additional 8,000 crore equity infusion into the company, the report said adding that the steel major will stick to its equity infusion offer.
ArcelorMittal raises Essar Steel bid to Rs 42,000 crore, says report

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