Essar Steel bids from ArcelorMittal and Numetal — a company 40 per cent owned by Russia's VTB group and 25 per cent by a trust where Ravi Ruia’s son Rewant is a trustee — are awaiting clearance from law firms on eligibility.
But Narayanan Vaghul, a former independent director and chairman of the audit and risk committee of ArcelorMittal, tells Ishita Ayan Dutt that if ArcelorMittal is found ineligible, it would send a wrong signal to the global investment community. Edited excerpts: What do you think of ArcelorMittal's bid for Essar Steel? I was quite ...
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First Published: Sun, February 18 2018. 19:27 IST
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