Two former chairmen of beleaguered firm Usha Martin, which has signed a definitive agreement with Tata Steel to sell its steel business, has sought transparency about the end-use of funds that it would get from the buying company.
In a release issued on Monday, Basant and son Prashant Jhawar, said, "Tatas are an excellent business house and will create value to the shareholders of and sale of the steel business is a positive development."