Aion Investments and JSW Steel win creditor approval for Monnet Ispat & Energy

Aion Investments and JSW Steel won approval from creditors to acquire bankrupt steelmaker Monnet Ispat & Energy for an estimated Rs 3,500-4,000 crore. The resolution plan was approved by a 98.97% vote on April 10, 2018.

“Aion Investments and JSW Steel have won the approval of creditors, snapping up the bankrupt Monnet Ispat & Energy for an estimated Rs 3,500-4,000 crore.”indianexpress.com

• 2 sources
• indianexpress.comBid for Monnet Ispat & Energy: Aion-JSW gets creditors’ nod | Business News - The Indian ExpressENS Economic BureauApr 10, 2018
• india.comJSW Steel, AION Capital win bid to acquire bankrupt Monnet Ispat | India.comAbout the Author PTI FeedsApr 12, 2018

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