ArcelorMittal Bid - Essar Steel-NCALT Refuses Stay

Please click :-

https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclat-refuses-stay-on-nclt-nod-to-arcelormittal-plan-seek-fresh-distribution-plan-for-bid-amt/articleshow/68428571.cms

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OLD POST

March 08, 2019

Essar Steel Bid-ArcelorMittal Wins

Please click :-

https://www.news18.com/news/business/arcelormittals-rs-42000-crore-takeover-bid-for-essar-steel-cleared-by-nclt-2060797.html

https://www.bloombergquint.com/business/nclt-allows-arcelormittal-to-take-over-essar-steel#gs.01lr29

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Blog Comments :

 Will there be any thing for the shareholders ?

Ans : Does not seem so as there seems to be a Haircut for Lenders. ( PLEASE RECHECK THIS )

PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THESE COMMENTS/CONJECTURE

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Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism

( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. )