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  • Business

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......

Govt okays Mittal's Rs 503 cr Uttam Galva FDI

 The government has approved NRI billionaire Lakshmi Mittal-led ArcelorMittal's over Rs 500 crore (Rs 5 billion) foreign direct investment for acquisition of 35 per cent stake in steel products......

ArcelorMittal-Uttam Galva deal may get delayed

 Pending regulatory clearances may delay ArcelorMittal's acquisition of additional stakes in Uttam Galva through an open offer, although the steel behemoth aims to complete the deal by mid-December.......

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......

Uttam Galva in Russian JV talks

 Uttam Galva Steels is in talks with Russia'slargest steel manufacturer, Magnitogorsk Iron and Steel Works, for a joint venture to construct a 10 million tonne steel plant with an investment of......

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