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Mr Sajjan Jindal congratulates Tata Steel over Bhushan Steel takeover

Steel News - Published on Mon, 21 May 2018

Image Source: Rediff
Mr Sajjan Jindal on Saturday congratulated Tata Group Chairman Emeritus Rata Tata and Senior officials on the successful acquisition of bankrupt Bhushan Steel. He tweeted “Congratulations to #TVNarendran #NChandra @RNTata2000 and @TataCompanies for the successful acquisition of #BhushanSteel. It's always gratifying when a good quality asset goes into the hands of an institution which will nurture it and build it further.”

Tata Steel Ltd has won the bid to acquire debt-laden Bhushan Steel Ltd (BSL) in an insolvency auction. The bankrupt firm was among the 12 stressed assets the RBI had referred to NCLT proceedings last year.

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Posted By : Amom Remju on Mon, 21 May 2018
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