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Mittal steers clear of trouble, sells stake in KSS ahead of Essar Steel bid

Deal price not known; market pegged value of transaction when Mittal bought the shares at around $300 mn.....»»

Category: topSource: business-standardFeb 13th, 2018

Final bidding round: VTB Bank, ArcelorMittal vie for debt-laden Essar Steel

This is the first stressed asset ArcelorMittal has bid for after selling its entire 29% stake in Uttam Galva.....»»

Category: topSource: business-standardFeb 12th, 2018

M&M sells 21% stake in Mahindra Sanyo

Automotive major Mahindra & Mahindra (M&M) has agreed to sell its 22 per cent stake in Mahindra Sanyo Special Steel Pvt Ltd (MSSSPL) to joint venture partner Sanyo Special Steel Co Ltd for.....»»

Category: topSource: thehindubusinesslineFeb 9th, 2018

Mahindra & Mahindra sells 22% stake in JV Mahindra Sanyo for Rs 1.46 bn

Mahindra & Mahindra today said it will sell 22 per cent of its stake in joint venture firm Mahindra Sanyo to Sanyo Special Steel Co Ltd for Rs 146.32 crore. "The company has today agreed to sell 26,.....»»

Category: topSource: business-standardFeb 9th, 2018

Cisco Sells a Third of VMware Stake

Cisco Systems sold one million shares of VMware ahead of Dell mulling strategic options......»»

Category: topSource: barronsFeb 5th, 2018

New digest: Govt to issue recap bonds, Air India stake sale, and more

From Ruias taking tie-up route for Essar Steel bid to domestic brokerages cashing in on D-street party, BS brings you up to speed with latest news.....»»

Category: topSource: business-standardOct 26th, 2017

NPA woes: IOB sells Rs 1,600 cr exposure in Essar Steel to Edelweiss ARC

The bank is looking at all options, including selling the assets and the NCLT route for reducing the NPA burden.....»»

Category: topSource: business-standardSep 28th, 2017

Essar Steel insolvency issue vs RBI: What lies ahead?

In this case, RBI's low capacity in legal drafting is unlikely to lead to a serious legal problem.....»»

Category: topSource: business-standardJul 6th, 2017

Tata Steel drives out of Tata Motors; sells Rs 3,783-cr stake to Tata Sons

The conglomerate sold about 83.54 mn shares at Rs 452.8 apiece.....»»

Category: topSource: business-standardJun 23rd, 2017

U.S. Steel: Here We Go Again?

Prominent U.S. Steel bear Gordon Johnson is out with a new note explaining why he sees further trouble ahead for the U.S. steel company......»»

Category: blogSource: barronsJun 14th, 2017

India Inc begins to shed loss-making foreign assets acquired in boom years

After almost a decade of problems, Indian companies are taking clear steps to rid unprofitable foreign assets they'd acquired during the boom years of 2006-07. Tata Steel, Hindalco and JSW Steel have either sold off the stake in .....»»

Category: topSource: business-standardMay 17th, 2017

Novelis sells 50% stake in South Korean arm for $315 mn

Plans to use funds to form a joint venture with Japan's Kobe Steel.....»»

Category: topSource: business-standardMay 10th, 2017

Novelis sells 50% stakes of Ulsan facility to Japan"s Kobe Steel at $315 mn

US-based Novelis today announced that it has sold off 50 percent of its stake in the Ulsan facility of South Korea for $315 million to form a joint venture with Japan's Kobe Steel--producer of aluminium rolled products in Japan.The .....»»

Category: topSource: business-standardMay 10th, 2017

Ruias" stake sale deals miss March-end deadline

Essar Oil-Rosneft, Farallon-Essar Steel deals await lenders' approval.....»»

Category: topSource: business-standardMar 31st, 2017

Debt restructuring: Ruia stake in Essar Steel to fall to 40%

This will also be the largest debt restructuring in recent years, say bankers.....»»

Category: topSource: business-standardJan 24th, 2017

Ruia stake in Essar Steel to fall to 40%

This will also be the largest debt restructuring in recent years, say bankers.....»»

Category: topSource: business-standardJan 23rd, 2017

Ruia stake in Essar Steel to fall to 44%

Private equity firm Farallon Capital's role would be limited to being a 'financial investor'.....»»

Category: topSource: business-standardJan 23rd, 2017

Ruias stake in Essar Steel to fall to 44%

It's the 2nd big-ticket sale of assets by the Ruia group in FY17.....»»

Category: topSource: business-standardJan 23rd, 2017

A Fake-News Entrepreneur Explains Why He Does It

A liberal Democrat who sells bogus stories he calls "right wing meat" America is in the midst of a fake news epidemic. And on Sunday, it became painfully clear that lives are at stake, as a man stormed a Washington, D.C. pizza place, armed with an ass.....»»

Category: europeSource: fortuneDec 6th, 2016

Essar Oil sale to reduce group revenue by 80%

Step to majorly clear debt burden; Ruias to now focus on steel, power and ports.....»»

Category: topSource: business-standardOct 16th, 2016

Rosneft board meet today on Essar Oil stake buy

The board of Rosneft is meeting on Thursday to clear buying 49 per cent stake in Essar Oil at an enterprise valuation of $7 billion. The Rosneft investment would be one of largest FDI into India's oil and gas sector after investments by British oil ........»»

Category: topSource: business-standardOct 12th, 2016