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Jsw May Not Pursue Essar Steel If It Wins Bhushan Power

by livemint.com posted 8months ago 25 views
Creditors to Bhushan Power and Steel are overwhelmingly in favour of JSW Steel’s offer for the stressed plant. : Mumbai: JSW Steel Ltd may not pursue its interest in buying out bankrupt Essar Steel if it wins the stressed Bhushan Power and Steel Ltd instead, said two people close to the development. According to a few members of Bhushan Power and Steel’s committee of creditors (CoC) that Mint spoke to, bankers are overwhelmingly in favour of JSW Steel’s offer for the stressed plant.

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