The committee of creditors set up to evaluate bids for Electrosteel Steels is yet to receive recommendations from the resolution professional (RP), sources told Shamik Paul in Mumbai. The delay has led to speculation there could be a second round of bidding. However, Dhaivat Anjaria, the RP for Electrosteel Steels, has ruled this out. Bids had been received from Vedanta, Edelweiss Alternative Asset Advisors, Tata Steel and Renaissance Steel in early January.
By Shamik Paul
India’s first semiconductor fabrication unit chips in
Q4 Results 2024: Tata Consumer Products, ICICI Prudential Life Insurance, and more to announce earnings today
Tata Consumer Products Q4 Results: Profit down 22.5% at Rs 267.71 crore, revenue up 8.5% on-year
World Earth Day: How ITC’s sustainable packaging solutions are fighting plastic woes
