Tag: Bankruptcy proceedings

JSW Steel Marches Ahead to Acquire BPSL on Receiving Maximum Votes from Lenders

Oct 17, 2018

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by

Aditi Tiwari

in HRC

Creditors of BPSL (Bhushan Power & Steel Ltd) have chosen JSW Steel Ltd. as the preferred bidder to buy BPSL by giving 66.6% vote in its favour. According to the market sources, a majority of Bhushan Power’s lenders have selected the JSW proposal as the best offer. In Aug’18, JSW Steel has revised its offer…