Diabytes
Liberty House News
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Bhushan Power and Steel owes about Rs 45,000 crore to its lender.
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Tata Steel on Monday said it has inked an agreement with Liberty House Group, led by India-origin businessman Sanjeev Gupta, to start negotiations for sale of its UK Speciality Steels business for about Rs 854 crore.
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In order to assess the fallout of the Brexit vote, Tata Steel is set to freese auction of its steelworks in the UK.
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London:Tata Steel is believed to be close to striking a deal with the UK government to keep its British steelworks rather than sell it off, which would secure the future of 11,000 workers, UK media reports said on Friday.
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Management buyout firm Excalibur and Indian-origin businessman Sanjeev Gupta's Liberty House, the two front-runners in the race to acquire Tata Steel's UK assets, are believed to be considering joining forces, it emerged Sunday.
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A day after India-born businessman Sanjeev Gupta's Liberty House Group announced it had officially submitted its letter of Intent to acquire Tata Steek UK plant, another team has emerged with a bid to buy the loss-making assets.
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Metals group Liberty House confirmed on Tuesday it had formally submitted a letter of intent to buy the British assets of Tata Steel.
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Metals major Liberty House, founded by India-born industrialist Sanjiv Kumar Gupta will formally bid for the UK assets of Tata Steel, which are on the block after Tatas suffered nearly USD 3 billion in losses thus far.
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Metals major Liberty House, founded by India-born industrialist Sanjiv Kumar Gupta, confirmed on Monday that it will formally bid for the UK assets of Tata Steel, which are on the block after Tatas suffered nearly $3 billion in losses thus far.
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Indian-origin businessman and founder of the Liberty Group Sanjeev Gupta today formally took charge of Tata Steel's loss making plants in Scotland.
Indian-origin businessman and founder of the Liberty Group Sanjeev Gupta today formally took charge of Tata Steel's loss making plants in Scotland.
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Indian-origin businessman Sanjeev Gupta on Thursday said his firm Liberty House is interested in acquiring Tata Steel's strip business in the UK, which is based at the steel major's Port Talbot plant.
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