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Infrastructure

NCLT approves Vedanta's Rs 5,000 crore offer for Electrosteel

Updated : April 17, 2018 04:12 PM IST

The firm had emerged to be the highest bidder to with an offer of about Rs 5,000 crore, beating Tata Group's bid by about Rs 1,000 crores.
A resolution for Electrosteel Steels, which owes lenders over Rs 11,300 crore is being worked out under the Insolvency and Bankruptcy Code (IBC).
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