Tag: TATA Steel Acquiring Bhushan Steel
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Tata Steel Outbids JSW in Acquisition Race for Bhushan Steel, Making a Strategic Move in the Long Run
In our 16 Feb’18 article we have mentioned about how Bhushan Steel piled up heavy debt, incurred huge losses and landed itself into bankruptcy trouble in 2017. The last update on its insolvency proceedings was that Tata and JSW Steel were the two contenders who have submitted competitive bids for acquisition of the company (Bhushan…