Tata Steel Acquires 72% Stake In Bankrupt Bhushan Steel:
The National
Company Law Tribunal (NCLT) approved the Acquisition of Bhushan Steel Limited
(BSL). The Tata Group announced 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 amounts equivalent to Rs.35200.00 Crore
towards financial creditors of Bhushan Steel is being undertaken as approved by the NCLT on May 15 that
announced by Tata Steel on Friday.
The completion of its acquisition of
Bhushan Steel (BSL) through its wholly owned subsidiary Bamnipal Steel Ltd
(BNPL).
Bhushan Steel Limited at 19 May 2018:
NSECODE:
BHUSANSTLEQ
Current Price:
Rs.27.65
Market Capital (Cr.): Rs.626.31
Face Value: Rs.2.00
52 Week High: Rs.102.70
52 Week Low: Rs.21.10
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