Bhushan Power resolution: NCLT reserves order on JSW Steel plan

Bhushan Power resolution: NCLT reserves order on JSW Steel plan

The principal bench of the National Company Law Tribunal (NCLT) on Tuesday reserved its order on approval of the JSW Steel’s resolution plan for Bhushan Power and Steel (BPSL). Sources said NCLT is likely to pronounce its final order on JSW Steel’s Rs19,700-crore bid in the next 15 days.

JSW plans Rs 5,000 crore rights issue to buy Bhushan Power

JSW plans Rs 5,000 crore rights issue to buy Bhushan Power

Sajjan Jindal’s JSW Steel plans to raise up to Rs 5,000 crore through a rights issue, so as to tie the funding in place to acquire bankrupt Bhushan Power and Steel. At a press conference that the company held today to announce its second quarter results, MVS Seshagiri Rao,

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