Nippon Steel

Competition Commission clears Nippon Steel and Sumitomo Metal Corp's 51% acquisition in Sanyo Steel

Nippon Steel is based in Tokyo and is engaged in the business of manufacture and sales of tubes and pipes and auto parts in India

ArcelorMittal Q3 net income declines 25% to $900 million; EBITDA increases 42% to $2.7 billion

ArcelorMittal had posted net income of $1.2 billion in the year-ago period, the firm said in a statement

Competition Commission of India approves ArcelorMittal's acquisition of debt-ridden Essar Steel

Earlier this month, ArcelorMittal had offered Rs 42,000 crore to acquire Essar Steel, upstaging a Rs 37,000 crore bid by Russia's VTB Group-backed Numetal.

NCLAT reserves order on Numetal and ArcelorMittal pleas over debt-ridden Essar Steel bids

Numetal's eligibility is linked to the shareholding of Arora Enterprises Ltd (AEL), (beneficially owned by Rewant Ruia) which has already exited from Numetal.

Essar Steel insolvency: Numetal moves NCLAT ahead of lenders' meet, hopes to pre-empt plausible call for fresh bids

Ahead of the lenders' meeting on Friday which may ask for fresh bids for the bankrupt Essar Steel's assets, Numetal on Thursday approached the NCLAT

Essar Steel insolvency: Lenders could seek fresh bids in upcoming meeting; bankers may pick Arcelor over Numetal

As meeting of CoC of Essar Steel, ended inconclusive, there is likely to be a third round of bids in which ArcelorMittal’s offer for will be higher than that of Numetal

Luxembourg-based ArcelorMittal plans to rebid for Essar Steel in second round of bidding

The SBI-led consortium of creditors had this week rejected the bids by ArcelorMittal and Numetal -- SPV floated by Russian lender VTB Bank and Rewant Ruia -- finding them ineligible under the IBC (Insolvency Bankruptcy Code) laws that debar related parties from bidding

Lenders reject Numetal, ArcelorMittal bids for Essar Steel; open fresh round of auction by 2 April

SBI-led consortium of lenders to Essar Steel on Wednesday rejected the bids by both Numetal as well as ArcelorMittal after finding them to be ineligible

ArcelorMittal, Numetal bids for Essar Steel recommended for rejection

Bids by ArcelorMittal and a consortium led by Russia's VTB Group for acquiring debt-laden Essar Steel are said to have been recommended for rejection by the adviser evaluating the offers, sources privy to the development said