Tata Steel Acquires 72% Stake In Bankrupt Bhushan Steel

Merely three days after the National Company Law Tribunal (NCLT) approved the Tata Steel's debt resolution plan for acquiring the controlling stake of Bhushan Steel Limited (BSL), the Tata Group announced-in a stock market filing-that it has completed the acquisition. Tata Steel will acquire 72.65% shares comprising of 79 crore shares of face value Rs 2 each. The company further announced, in the stock market filing, that the acquisi...