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Vedanta, JSW Steel in talks to make joint bid for Essar Steel, says report

Updated : February 19, 2019 06:07 PM IST

Either one of the companies or both together can submit the bid by the next week, the sources told the paper.
Even if the bid was to be made by either of the companies, it would be jointly funded.
According to the report, the bid is likely to be in the range of Rs 45,000-48,000 crore, as against ArcelorMittal's bid of Rs 42,000 crore.
Vedanta, JSW Steel in talks to make joint bid for Essar Steel, says report

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