Tata Steel, JSW to takeover Bhushan Steel Ltd assets
Written by : SMTV24x7 | Tue, Feb 20, 2018, 01:06 AM
Kolkatta, Feb 20: Debt-laden Bhushan Steel Ltd on Monday said Tata Steel, JSW Living Pvt Ltd and employees of the company have submitted resolution plans to take over its assets.
"We wish to inform you that as part of the resolution process, the resolution professional (RP) has received resolution plans from Tata Steel, JSW Living Private Ltd and Employees of Bhushan Steel Ltd," it said in a regulatory filing to the stock exchange.
JSW Living Pvt Ltd is a joint venture between JSW and Piramal Enterprises.
"Once the resolution plans are identified, another meeting of CoC will be convened to present the compliant plans for the consideration of the CoC," the firm said.