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Three-way race for Essar Steel: ArcelorMittal, Numetal-JSW, Vedanta in fray
Essar Steel, put up for bidding for the second time, saw companies owned by metal sector billionaires taking part on Monday. This time, lenders expect the valuation to cross the $6 billion mark and none or minimal haircut, with Anil Agarwal’s Vedanta, L N Mittal’s ArcelorMittal, and VTB Bank-owned Numetal, which tied up with Sajjan Jindal’s JSW Steel, making aggressive bids. Read more
ICICI Bank stock posts biggest single-day drop in nearly three years
The ICICI Bank stock posted its biggest single-day
Essar Steel, put up for bidding for the second time, saw companies owned by metal sector billionaires taking part on Monday. This time, lenders expect the valuation to cross the $6 billion mark and none or minimal haircut, with Anil Agarwal’s Vedanta, L N Mittal’s ArcelorMittal, and VTB Bank-owned Numetal, which tied up with Sajjan Jindal’s JSW Steel, making aggressive bids. Read more
ICICI Bank stock posts biggest single-day drop in nearly three years
The ICICI Bank stock posted its biggest single-day
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