Monday, 2 April 2018
Tata Steel to pay Rs 35,200 crore cash for Bhushan Steel; to convert remaining debt to equity
Tata Steel has offered Rs 35,200 crore in cash and conversion of the remaining debt of about Rs 27,000 crore into equity to take over Bhushan Steel, the counsel for the Committee of Creditors (CoC) informed NCLT today. The creditors would get 12.
You can read more here: Tata Steel to pay Rs 35,200 crore cash for Bhushan Steel; to convert remaining debt to equity
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