Home Business ArcelorMittal move one step ahead for Essar Steel Takeover, parks Rs 7k...

ArcelorMittal move one step ahead for Essar Steel Takeover, parks Rs 7k crore for pending dues

17
0
SHARE
(G.N.S) DT.16 Mumbai ArcelorMittal has just upped the ante in the battle for Essar Steel. According to a source in the know, the world’s largest steel maker transferred Rs 7,000 crore in an escrow account of State Bank of India (SBI) yesterday to clear the debt of two companies it previously held stakes in – Uttam Galva Steels and KSS Petron. Billionaire Lakshmi Mittal’s ArcelorMittal has cut a cheque of

This content is restricted to site members. If you are an existing user, please log in. New users may register below.

Existing Users Log In