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Uttam Galva Steels

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Insolvency: Uttam Galva seeks 50% haircut. Will SBI oblige?

Uttam Galva Steels is a part of the Reserve Bank of India's second list of cases, which will be referred to the bankruptcy tribunal for insolvency proceedings after lenders failed to resolve the......

Bankruptcy code clips ArcelorMittal's India expansion plans

In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. But the new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these......

ArcelorMittal makes open offer for Uttam Galva

India-origin billionaire Lakshmi Mittal-led ArcelorMittal on Monday made an offer to buy an additional 29.4 per cent stake in domestic steel firm Uttam Galva Steel at Rs 120 a share.In a public......

It's curtains for major standalone steel players

The Uttam Galva-ArcelorMittal deal is the second consolidation move in the steel industry in the past month, the first being Essar Steel's acquisition of Shree Precoated.The main reason for the......

Government defers duty on steel intermediate

The prospect of a mid-month price increase in cold rolled (CR) and galvanised steel--used by automobile and consumer durables makers--has abated with the government deferring a decision to impose a......
  Web results for Uttam Galva Steels
NCLAT orders status quo

FC Bureau City: New Delhi The National Company Law Appellate Tribunal (NCLAT) on Tuesday ordered a status quo on insolvency of Essar Steel for two... ...

http://www.mydigitalfc.com/companies-and-markets/essar-steel-insolvency-nclat-orders-status-quo
Uttam Galva promoters say unaware of ArcelorMittal move to clear co dues

Uttam Galva Steels Ltd promoters today said they are unaware of the reported 'unsolicited' move by ArcelorMittal to transfer about Rs 7,000 crore... ...

http://www.business-standard.com/article/pti-stories/uttam-galva-promoters-say-unaware-of-arcelormittal-move-to-clear-co-dues-118051600840_1.html
ArcelorMittal pays Rs 70 billion to become eligible bidder for Essar Steel

The payment relates to dues on account of Uttam Galva Steels and KSS Petron, both classified as non-performing assets (NPAs) for more than a year ...

http://www.business-standard.com/article/companies/arcelormittal-pays-rs-70-billion-to-become-eligible-bidder-for-essar-steel-118051501333_1.html
'Banks to recover 48% from NPA accounts in RBI list'

The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco Infrastructure and Era Infrastructure are kept out... ...

http://www.rediff.com/money/report/banks-to-recover-48-from-npa-accounts-in-rbi-list/20180418.htm
ArcelorMittal-led consortium bids for Essar Steel

A grouping led by the worlds biggest steelmaker ArcelorMittal, mining mogul Anil Agarwal-led Vedanta and a consortium of Russias VTB Capital-backed... ...

http://www.deccanherald.com/content/668030/arcelormittal-led-consortium-bids-essar.html

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