SCO Vs SIN | Match 1 Oct 18, 2019
SIN 8/2 (1.2)
Latest News on Numetal
Showing of 0 - 10 from 32 results
Numetal - Total results - 32
Jan 30, 2019
NCLT rejects Ruias' debt settlement proposal to retake Essar Steel; company hints at challenging verdictIf it is not challenged again, this opens the first major victory for the LM Mittal-run ArcelorMittal into the country
Jan 24, 2019
ArcelorMittal owns 99.76% voting rights in KSS Petron; will lead creditors’ panel to decide on EPC firm's revival planThe KSS Petron resolution professional informed Mumbai bench of the NCLT on Wednesday that 99.76 percent voting rights in the EPC company is with ArcelorMittal now.
Oct 26, 2018
ArcelorMittal wins bids to take over Essar Steel for Rs 42,000 cr; Ruias wanted CoC to consider their offerThe announcement comes a day after founders of Essar Steel made a surprise offer to pay Rs 54,389 crore to creditors to settle claims and allow the company to exit the bankruptcy process.
Oct 26, 2018
Ruias bid to regain Essar Steel with late payment smells of moral hazard; banks and govt must look at non-cooperative behaviourFrom all indications, the Essar Steel insolvency process shows the Ruias need to be put under a lens.
Oct 25, 2018
GPI Textiles' resolution professional writes to Essar Steel lenders, wants ArcelorMittal to pay its duesArcelorMittal has reportedly agreed to pay a total of Rs 50,000 crore to acquire Essar Steel
Oct 19, 2018
Anil Agarwal indicates he is open to raising bid for Essar Steel, says Vedanta best suited to take over indebted firmAnil Agarwal said Vedanta's Rs 35,000-36,000 crore offer in the first round of bidding for Essar Steel was the highest in the three-way race for Essar Steel that lenders are auctioning to recover about Rs 50,800 crore of overdue loans
Oct 17, 2018
Essar Steel insolvency case: ArcelorMittal to pay Rs 7,469 cr to clear Uttam Galva, KS Petron duesAfter losing their case in NCLT and NCLAT, ArcelorMittal had moved the Supreme Court, which on 4 October had allowed them to bid for Essar Steel provided they cleared their dues to their lenders.
Sep 20, 2018
Competition Commission of India approves ArcelorMittal's acquisition of debt-ridden Essar SteelEarlier 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.
Sep 19, 2018
No communication received from ArcelorMittal with regard to modalities of payment: Uttam GalvaArcelorMittal had submitted a revised offer for Essar Steel which also included a commitment to pay Rs 7,000 crore dues to the financial creditors of Uttam Galva and KSS Petron to be eligible in the race to acquire the debt-laden firm.
Sep 18, 2018
Essar Steel bid: Russia's Numetal raises loan defaults by firms of Lakshmi Mittal's brothersNumetal and ArcelorMittal are locked in fierce takeover battle of Essar Steel and two are in the Supreme Court over bidding qualification.