Latest News on Ruia Family
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Ruia Family - Total results - 8
Mar 15, 2019
Pay all bad loans first, then we will consider your resolution package for Essar Steel: NCLAT to RuiasThe NCLAT also asked ArcelorMittal why it could not offer more for Essar Steel, which is worth of about Rs 54,000 crore, said the report.
Mar 09, 2019
ArcelorMittal's takeover bid for debt-ridden Essar Steel approved by NCLT AhmedabadNCLT approved ArcelorMittal’s bid in October, even as Essar’s founders—the billionaire Ruia family—tried to hold onto the company
Oct 29, 2018
Essar Group will deleverage Rs 1.25 lakh cr debt if its offer for Essar Steel is acceptedLast week, the Committee of Essar Steel Creditors picked world's largest steelmaker ArcelorMittal's Rs 42,000 crore takeover offer over the company promoter's Rs 54,389 crore proposal to pay off all of the lenders' dues.
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.
Jul 11, 2018
IBC: Eligible to bid for Essar Steel as not a promoter of Uttam Galva, KSS Petron, says ArcelorMittal to NCLATArcelorMittal and Numetal have filed petitions in the NCLAT challenging the disqualification of their first round of bids.
May 18, 2018
NuMetal offers Rs 37,000 cr for Essar Steel, wants second round of bids opened; ArcelorMittal opposes moveBoth NuMetal and ArcelorMittal put in a second round of bids after the first bids were opined to be invalid
May 16, 2018
ArcelorMittal transfers Rs 7,000 cr to State Bank of India to clear dues of loan defaulter Uttam Galva SteelArcelorMittal parking the fund with SBI came as the deadline ended on Tuesday.
Oct 03, 2013
Ruia's realty jackpot: House bought for under Rs 50 lakh may fetch Rs 170 crThe Essar Group's Ruia family has landed a rather sweet deal. No, not in the oil and gas business, but in real estate, that too residential.