Companie

NCLT approves JSW Steel bid for Asian Colour with modification in RP

Our Bureau Mumbai | Updated on October 19, 2020 Published on October 19, 2020

The National Company and Law Tribunal has approved JSW Steel Coated Products, a wholly-owned subsidiary of JSW Steel, ₹1,550 crore bid to acquire Asian Colour Coated on Monday with 'certain modification' in the resolution plan approved by the lenders.

The written order of NCLT is still awaited, said the company. The order of NCLT comes after two-years of wait for JSW Steel.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on October 19, 2020
NCL
iron and steel
merger, acquisition and takeover
JSW Steel Ltd
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.