Apr 17, 2018 04:12 PM IST | Infrastructure
NCLT approves Vedanta's Rs 5,000 crore offer for Electrosteel
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).
Published Date: Apr 17th, 2018 02:08 PM | Updated Date: Apr 17, 2018 04:12 PM IST