ArcelorMittal wins bid to acquire Essar Steel for Rs42,000 crore

ArcelorMittal won a bid to acquire debt-laden Essar Steel for over Rs42,000 crore, with an additional Rs8,000 crore capital injection. The Committee of Creditors issued a Letter of Intent on October 19, 2018, declaring ArcelorMittal the successful applicant.

“ArcelorMittal Friday said it has won a bid to acquire debt-laden Essar Steel for over Rs 42,000 crore.”thequint.com

• 1 source
• thequint.comArcelorMittal wins bids to take over Essar Steel for Rs 42,000 crorePTIOct 26, 2018

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