20-April-2024
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ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition
14-Dec-2019

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 month. According to banking sources, "Payment from ArcelorMittal has started flowing and entire payment is expected to be cleared in a day or two."

News Source:- https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-initiates-rs-42000-cr-payment-for-essar-steel-acquisition/articleshow/72587104.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23
 
 
 

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