voda schreef op 28 september 2018 16:44:
Numetal to match ArcelorMittal's bid for Essar Steel - Mr Rohatgi
Business Standard reported that a VTB Capital-led consortium has offered to match ArcelorMittal’s INR 420-billion (USD 5.8 billion) bid for Essar Steel India, heating up the long drawn battle for the biggest steel mill being sold under the bankruptcy law. Mukul Rohatgi, the lawyer representing the company, told the Supreme Court on Thursday that Numetal, the consortium led by VTB, is willing to revise its earlier bid of INR 370 billion for the 10 million tonnes a year steel manufacturing unit.
At the same time, rival bidder ArcelorMittal must pay the Rs 70 billion its group companies owe to creditors to stay in the race, he said.
The court is yet to take a decision.
Source : Business Standard