Solo bid for Essar: JSW Steel seeking legal opinion, says official

JSW Steel had teamed up with NuMetal to place a Rs 370-billion offer for Essar Steel in the second round of bidding

JSW Steel is seeking a legal opinion if it can bid solo for stressed assets of Essar Steel, a top company official said Tuesday.

When asked if JSW Steel is mulling going solo for acquiring stressed assets of Essar Steel if fresh bids were allowed, JSW Steel joint managing director Seshagiri Rao said that it would depend on legal opinion and the view of the Committee of Creditors.

"It depends upon the legal opinion and the view of the CoC (Committee of Creditors) and the Resolution Professional (RP). If they take a positive view ... then we are open to look at