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Sanjay Singal

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Why these 5 steel majors need to cough up Rs 29,000 crore

The recent amendments to the IBC practically barred promoters from re-acquiring their own assets, leaving only a small window to convert their non- performing assets into standard assets by paying......

An ace deal maker who won the Posco, Arcelor Mittal deals

In corporate India where family disputes have become far too common, the Miglanis work as a team. Image: Ankit Miglani, A steel tycoon in the making.     Uttam Galva Steels promoter......

Can the Singals solve Bhushan's debt crisis?

With the stock market entering a bull phase, many believe the Singals can bring in the much-needed equity capital and reduce their debt. The troubles of debt-ridden steel-maker Bhushan Steel only......

Bhushan Steel to raise Rs 6,000-crore equity

Faced with a threat of lenders monitoring its operations, Bhushan Steel has decided to raise equity up to $1 billion (around Rs 6,000 crore). "The board passed a resolution on Wednesday to raise......

Syndicate Bank fiasco: Bhushan Steel's chequered past

Till he hit the headlines as co-accused in the alleged Syndicate Bank bribery scam, Neeraj Singal, Bhushan Steel’s vice-chairman and managing director, was raring to drive the company from......
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Why these 5 steel majors need to cough up Rs 29,000 crore

The recent amendments to the IBC practically barred promoters from re-acquiring their own assets, leaving only a small window to convert their non-... ...

http://www.rediff.com/money/report/why-these-5-steel-majors-need-to-cough-up-rs-29000-crore/20171207.htm

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