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Creditors reject Liberty House bid for Bhushan Power and Steel

1h livemint
New Delhi: The committee of creditors (COC) has rejected the bid of UK-based Liberty House to acquire Bhushan Power and Steel Ltd, leaving Tata Steel and JSW Steel in the race for taking over the assets of the bankrupt firm, a person in the know said. (12-0)

Creditors reject Liberty House bid for Bhushan Power and Steel

1h moneycontrol
The Committee of Creditors has rejected the bid of UK-based Liberty House to acquire Bhushan Power and Steel Ltd, leaving Tata Steel and JSW Steel in the race for taking over the assets of the bankrupt firm, a source said. (11-0)

Chandra wants to bring back the crown for Tata Steel

3h moneycontrol
Tata Steel’s aggressive bid for Anglo-Dutch steel maker Corus Steel, over a decade ago, had surprised industry watchers at the time. Just when Tata Steel thought it had Corus in the bag, Brazil’s CSN Steel gatecrashed the party, and a fierce bidding ensued. Tata Steel eventually won what in hindsight turned out to be a pyrrhic victory. (11-0)

Q4 margin will be better than earlier: Tata Metaliks

5h moneycontrol
In an interview to CNBC-TV18, Sandeep Kumar, MD of Tata Metaliks spoke about the latest happenings in the company and the sector. (8-0)

N Chandrasekaran#39;s one year at Tata Sons: A job well begun

7h moneycontrol
Running is not easy. It’s as physical as it is psychological and often, the sport is a lonely one. But that didn’t deter Natarajan Chandrasekaran, who took up the sport at 44. The day after consulting his doctor on ‘some health concerns’ and encouraged by his wife, Chandrasekaran bought a new pair of shoes and hit the ground running. Within eight months, he had run his first marathon. (15-0)

Factbox: GFG Alliance to maintain rapid pace of expansion

8h in.reuters
MELBOURNE (Reuters) - British tycoon Sanjeev Gupta’s GFG Alliance has expanded rapidly in recent years, spending up big on distressed steel and aluminium assets, and sees no let-up in the pace of growth. (27-0)

Global research firms tag #39;Outperform#39; rating on Tata Steel, expect up to 32% return

9h moneycontrol
Global research firm Credit Suisse has maintained an outperform rating on Tata Steel with a target of Rs 860. The house is of the view that the Bhushan Steel bid implies EV at 6x adjusted EBITDA adding that the valuation is not cheap, but with steel cycle picking up, the deal can be EPS accretive. The firm also said that minor working capital plus capex would be needed for the asset. (9-0)

How Tata group’s changing under N. Chandrasekaran

11h livemint
On Wednesday, N. Chandrasekaran will complete one year at the helm of Tata Sons Ltd, the holding company of the salt-to-software conglomerate. (11-0)

Tata Steel’s bids for Bhushan a déjà vu moment for investors

12h livemint
Fears that Tata Steel Ltd may be biting off more than it can chew have made investors skittish as news reports say the company is in the lead to acquire Bhushan Steel Ltd, and Bhushan Power and Steel Ltd. (9-0)

Insolvency process: UK-based Liberty House bids for Bhushan Power and Steel

14h business-standard
UK-based Liberty House has bid for Bhushan Power and Steel. The creditors would examine its proposal on Wednesday, said sources close to the development. As the last date for submission of bids was February 8, the resolution professional concerned will not take a decision on whether the bid should be accepted. The ball is in the creditors’ court. If the bid is accepted, it will be the third one for Bhushan Power and Steel. (10-0)

N. Chandrasekaran set to focus on new businesses in smart mobility, cities

15h livemint
Mumbai: After solving some of the challenges he inherited in the first year, Tata Sons Ltd chairman N. Chandrasekaran is set to focus on new businesses in the fields of smart mobility and smart cities. (12-0)

N. Chandrasekaran completes one year as Tata Sons chairman, stabilizes group

15h livemint
Mumbai: N. Chandrasekaran, 54, completed a year in his role as chairman of Tata Sons Ltd on 21 February, capping a period in which he stabilized the group after the messy ouster of former chairman Cyrus Mistry. (26-0)

Liberty House submits bid for Bhushan Power

18h livemint
Mumbai: UK-based Liberty House has become a last minute entrant in the race to acquire Bhushan Power and Steel Ltd, according to two people aware of the matter. The firm submitted a sealed bid to the resolution professional of the beleaguered power firm on Tuesday evening, pitting it against Tata Steel Ltd and JSW Steel Ltd. (10-0)

UK steel industry vulnerable despite post-crisis recovery - Tata Steel

19h in.reuters
LONDON (Reuters) - Britain’s steel industry is vulnerable despite recovering from a 2015 crisis, with many challenges that led to thousands of job cuts still not resolved and risks related to Brexit looming, the chief executive of Tata Steel UK said on Tuesday. (8-0)

Tata Steel Limited - Analysts/Institutional Investor Meet/Con. Call Updates

23h nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information. (8-0)