ArcelorMittal's AM Mining India wins NCLT approval for Uttam Galva Steel acquisition

The National Company Law Tribunal approved AM Mining India's ₹4,050 crore bid to acquire stressed steelmaker Uttam Galva Steel. The acquisition is ArcelorMittal's third through India's insolvency process.

“The National Company Law Tribunal has approved the ₹4,050-crore bid by AM Mining India to acquire the stressed Uttam Galva Steel.”thehindubusinessline.com

• 5 sources
• thehindubusinessline.comNCLT clears ArcelorMittal’s ₹4,000-cr bid for Uttam Galva Steel - The HinduBusinessLineSuresh P IyengarOct 14, 2022
• insolvencytracker.inArcelorMittal group gets NCLT nod to acquire Uttam Galva SteelInsolvencyTOct 15, 2022
• thehindubusinessline.comAM Mining India completes acquisition of Uttam Galva Steels - The HinduBusinessLineBL Mumbai BureauNov 10, 2022
• app.mergerlinks.comMergerLinks - ArcelorMittal Nippon-backed AM Mining India completed the acquisition of Uttam Galva Steels.Nov 10, 2022
• business-standard.com

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