Bamnipal Steel

Tata Steel to acquire steel business of Usha Martin for up to Rs 4,700 cr; deal to be completed in 9 months

Usha Martin is amongst the largest wire rope manufacturers in the world and a leading speciality steel producer in India.

Bhushan Steel reclassifies its erstwhile promoters as public shareholders after takeover by Tata Steel

Bamnipal Steel Limited, a wholly-owned arm of Tata Steel Ltd, is the sole promoter of Bhushan Steel, holding 72.65 percent of the paid-up share capital of the company, the steel maker said in a filing to BSE.

SBI biggest beneficiary of Bhushan Steel sale to Tatas; lender's bottomline to go up by as much Rs 1,300 crore

SBI will be the biggest beneficiary of resolution of debt-ridden Bhushan Steel as its bottomline will go up by as much Rs 1,300 crore.

Tata Steel’s Rs 35,200 cr Bhushan Steel deal: Why the first major IBC resolution is historic for ailing banks, investors

This resolution gives a hope to the banking sector, neck-deep in bad loans, that recovery of money is actually possible relying on the IBC channel.

Tata Steel to acquire Bhushan Steel through its step-down subsidiary Bamnipal Steel after NCLT approval

The principal bench of NCLT on Tuesday approved Rs 32,500-crore deal along with 12.27 per cent equity in Bhushan Steel offered by Tata Steel.