Bhushan Steel Limited Emerges Out Of Bankruptcy As Tata Steel Takes Over

The Logical Indian

May 22nd, 2018

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In a historic takeover, Bamnipal Steel Ltd (BNPL), a wholly-owned subsidiary of Tata Steel, has acquired 72.67% stake in Bhushan Steel Limited (BSL), making it the first company to emerge successfully from insolvency and bankruptcy process. The deal settled nearly 35,200 crores.
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