Tag: initiates

ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition


After the payment to the lenders, this will be the single-biggest recovery under the IBC Global steel giant ArcelorMittal has initiated payment for acquisition of debt-ridden Essar Steel for Rs 42,000 crore, sources said on Friday. The decks for acquisition of Essar Steel by L N Mittal-led company was cleared by the Supreme Court last…