Steel firms Tata Steel Ltd (TSL) and JSW Steel Ltd acquired steel assets that were under insolvency proceedings, seeing them as an opportunity to gain capacity cheaply and quickly in a fast-expanding market compared with executing green-field projects, it said.Buyout of distressed Indian steel assets to increase leverage of acquiring Cos: Fitch
Steel firms Tata Steel Ltd (TSL) and JSW Steel Ltd acquired steel assets that were under insolvency proceedings, seeing them as an opportunity to gain capacity cheaply and quickly in a fast-expanding market compared with executing green-field projects, it said.
Subscribe to:
Post Comments (Atom)
-
The NCLT#39;s Ahmedabad bench has directed the RP to include GAIL in the list of creditors for both the companies.
-
Thirteen tier 2 and 3 cities register higher traffic in December than pre-COVID-19 levels.
-
Huawei faces international scrutiny over its ties with the Chinese government and suspicion that Beijing could use Huawei#39;s technology f...
No comments:
Post a Comment