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Lenders Of Insolvent Bhushan Power Pick Rs 197-billion Bid Of Jsw Steel | Business Standard News

by business-standard.com posted 8months ago 29 views
Sources said JSW Steel stated its intention to infuse an additional Rs 70 billion for any future requirements. : Lenders of insolvent Bhushan Power & Steel (BPSL) have chosen the Rs 197-billion bid of JSW Steel. The committee of creditors (CoC) voted by a 66.6 per cent majority in its favour. Tata Steel and Liberty House were also in the race to acquire the company after the National Company Law Appellate Tribunal (NCLAT) on August 6 permitted the three to file additional unconditional “resolution plans”. The Tatas had bid about Rs 170 billion.

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