Tata Sponge Iron Ltd. (TSIL), a Tata Steel subsidiary, has announced the completion of its acquisition of the steel business of Usha Martin Ltd ... TSIL came into the picture through an ...

Tata Steel Ltd has agreed to buy the steel business of Usha Martin Ltd, its second acquisition of a stressed asset this year after the purchase of Bhushan Steel in May. Tata Steel will pay Rs ...

NEW DELHI: The proposed acquisition of Usha Martin's steel business by Tata Steel is credit positive, Moody's Investors Service said Tuesday. The domestic steel giant had announced Saturday that ...

Kolkata-based steel maker Usha Martin Ltd on Tuesday said its board has okayed the sale of its steel division in order to pare debt. Usha Martin, which has a net debt of Rs 3,718 crore, saw its stock ...

Speciality steel producer Usha Martin on Monday said its board decided to explore the sale of its steel business and constituted a committee to appoint investment banks and consultants to help ...

The country’s largest steel wire rope maker, Usha Martin expects to complete the sale of its steel business to Tata Steel within the next two to three months. Tata Steel through its subsidiary ...

JSW, Tata Steel and Liberty House have emerged as the top contenders for Usha Martin's steel business, extending their rivalry over Indian stressed assets witnessed in the last six months. Calcutta: ...

Shareholders of Usha Martin have approved the sale of the company's steel business to Tata Steel as a going concern on a slump sale basis. A special resolution in this regard was passed with ...

Tata Steel signed a definitive agreement on September 22 to buy Usha Martin’s steel unit for about Rs 4,600 crore. When the market opened on the following Monday, Usha Martin’s shares rallied ...

Kalyani Group and Liberty House of UK may join the race to acquire the steel business from debt-laden Usha Martin Ltd. Calcutta: Kalyani Group and Liberty House of UK may join the race to acquire the ...

New Delhi, Jun 11 () Steel wire maker Usha Martin today said it is planning to sell its steel business and has set up a committee to evaluate proposals in this regard. New Delhi, Jun 11 () Steel ...