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Enforcement Directorate (ED) says it has provisionally attached assets worth Rs 61.38 crores in its ongoing investigations regarding siphoning of public funds from Bhushan Steel Limited (BSL), Bhushan Energy Limited (BEL) and others
[email protected]_ed has reportedly attached Rs 61.38 crore worth of assets of Bhushan Steel Limited, BEL and a few others in a probe under the Prevention of Money Laundering Act, 2002. Read more at #BhushanSteel #PMLA
Enforcement Directorate has attached assets worth Rs 61.38 crores of erstwhile promoters of Bhushan Steel Limited (BSL) in connection with a money laundering probe, the agency said.
ED has provisionally attached immovable properties worth Rs.61.38 Crore of associate entities under the control of erstwhile promoters of Bhushan Steel Limited (BSL), under PMLA, 2002 in its ongoing investigations regarding siphoning of huge public funds from BSL, BEL and others.
Tata Steel says the composite scheme of amalgamation of Bamnipal Steel & Tata Steel BSL (formerly Bhushan Steel) into & with Tata Steel has been APPROVED by the #NCLT
Ms. Sitharaman said, "In 2018-19, a record amount was recovered, including those loans that were written off. This includes Rs. 99,996 crore recovered only from written off assets such as Bhushan Steel, Essar Steel, etc. | via @tragicosmicomic
Tata Steel is likely to prepay up to ₹4,700-crore loans taken for acquisitions of Bhushan Steel and Usha Martin as the metal maker aims at making these two companies’ debt free in the next two quarters.
Reports @EconomicTimes Tata Steel may repay 4700 cr of loans taken for bhushan steel and Usha Martin buyouts.
Awesome swing in metals….delivering significant movement across metal counters MTD performance of metals in TQ_Products #TataSteel 25% #SAIL 11% #JSWSTEEL 10% #TATA BHUSHAN STEEL 8% #VEDANTA 10%
The steel plants acquired via IBC process include #BhushanSteel, #EssarSteel, #ElectrosteelSteels, Monnet Ispat & Energy Ltd and Bhushan Power & Steel Abhijit Lele reports #SteelProducers #IBCRules #CRISIL
Three entities of #Tata Group re-entered the Indian Steel Association fold. In the apex committee meeting of the ISA, #TataSteel, Tata Steel BSL (formerly Bhushan Steel), and Tata Steel Long Products, have joined the association @AditiDivekar
Post acquisition, Jindal welcomes BPSL employees to JSW family @sajjanjindal #JSWSteel #Industry #SajjanJindal #investmentguruindia #Steel #BhushanSteel
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