JSW Steel had put in a Rs 19,300-crore bid to take over Bhushan Power and Steel
DHFL expects lenders approval of resolution plan by month-end; private equity firms in talks with promoters for strategic stake
DHFL has received non-binding indicative term sheets as part of the proposed corporate restructuring of the company
Promoters of DHFL in talks with private equity firms; expect $1 billion from sale of half of their holdings
The Wadhawan family, the promoters of DHFL , currently holds close to 40 percent stake in the company
In November 2018, Essel Group had said that it was planning to sell up to 50 percent of the promoters' equity in the group flagship media arm ZEEL to a strategic partner.
JSW Steel led consortium has won the bid to acquire bankrupt Monnet Ispat and Energy Ltd (MIEL) in an insolvency auction.
JSW Steel in a statement said it has declared as qualified resolution applicant as per the provisions of section 29(A) of Insolvency and bankruptcy code (IBC) 2016.