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Lenders Agree To JSW Steel’s Terms For Buying Bhushan Power & Steel
JSW Steel to take over Bhushan Power’s assets on conditional payments.
06 Mar 2021, 12:38 PM IST
Lenders to Bhushan Power & Steel Ltd. have agreed to terms set by JSW Steel Ltd. for purchasing the assets of the insolvent steelmaker, according to two people with direct knowledge of the matter.A majority of the financial creditors on March 5 voted in favour of accepting JSW Steel’s Rs 19,350-crore offer for the sale, on a provisional basis, the people cited above told BloombergQuint on the condition of anonymity. A proposal needs ...
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