Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Infrastructure

NCLT clears ArcelorMittal's resolution plan for Essar Steel

Updated : March 08, 2019 07:40 PM IST

Late last month, the National Company Law Appellate Tribunal (NCLAT) had directed the NCLT Ahmedabad to take a decision by March 8 on the bid submitted by ArcelorMittal for the acquisition of Essar Steel.
Last October, a committee of Essar Steel creditors had picked ArcelorMittal and Nippon Steel joint venture to acquire the 10-million tonne steel mill for over Rs 42,000 crore.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV