Tata Steel completes acquisition of 72.65% stake in Bhushan Steel

Tata Steel, through its subsidiary Bamnipal Steel, completed the acquisition of a 72.65% controlling stake in Bhushan Steel for Rs 35,200 crore (approximately $5.2 billion), as part of a resolution plan under India's Insolvency and Bankruptcy Code.

“Tata Steel Limited hereby announces that Bamnipal Steel Limited, a wholly-owned subsidiary of Tata Steel has successfully completed the acquisition of controlling stake of 72.65% in Bhushan Steel Limited.”scroll.in

• 4 sources
• scroll.inTata Steel acquires 73% stake in Bhushan Steel, completes Rs 35,200 crore purchaseScroll StaffMay 19, 2018
• news.europawire.euTata Steel and thyssenkrupp AG to combine their European steel businesses in a 50/50 joint venture | EuropaWireEuropaWire PR EditorsJul 2, 2018
• globalslag.comTata Steel and ThyssenKrupp sign joint venture agreements for mergerGlobal Slag staffJul 2, 2018
• eurometal.netTata Steel and thyssenkrupp agree to European merger - EUROMETALJul 3, 2018

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