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Vedanta acquiring 90% stake in Electrosteel is credit positive, says Moody's

Updated : April 23, 2018 09:39 AM IST

The National Company Law Tribunal (NCLT) last week approved Vedanta's Rs 5,000 crore offer to buy debt-laden Electrosteel.
The diversified miner had emerged as the highest bidder with an offer of about Rs 5,000 crore.
Vedanta acquiring 90% stake in Electrosteel is credit positive, says Moody's

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