1. Electrosteel steels case: Creditors see no progress

Electrosteel steels case: Creditors see no progress

The committee of creditors set up to evaluate bids for Electrosteel Steels is yet to receive recommendations from the resolution professional (RP), sources told Shamik Paul in Mumbai.

Published: February 9, 2018 6:42 AM
Electrosteel Steels, Electrosteel, Resolution Professional, Edelweiss Alternative Asset Advisors, Tata Steel, Renaissance Steel However, Dhaivat Anjaria, the RP for Electrosteel Steels, has ruled this out. Bids had been received from Vedanta, Edelweiss Alternative Asset Advisors, Tata Steel and Renaissance Steel in early January.

The committee of creditors set up to evaluate bids for Electrosteel Steels is yet to receive recommendations from the resolution professional (RP), sources told Shamik Paul in Mumbai. The delay has led to speculation there could be a second round of bidding. However, Dhaivat Anjaria, the RP for Electrosteel Steels, has ruled this out. Bids had been received from Vedanta, Edelweiss Alternative Asset Advisors, Tata Steel and Renaissance Steel in early January.

By Shamik Paul

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