whispers in the corridors
Tata Steel Long Products Limited takes over NINL (UPDATED)
NINL Strategic Disinvestment transaction has been completed today with the transfer of 93.71% shares of the Joint Venture Partners to the Strategic Buyer, Tata Steel Long products Limited that bid the highest bid. The Enterprise Value paid by the Strategic Buyer is Rs. 12,100 crores. This payment has been utilized as per the SPA for settlement of dues of employees, operational creditors, secured financial creditors and sellers (operational and financial dues) and for equity of selling shareholders as per SPA. Neelachal Ispat Nigam Limited is a Joint Venture of 4 CPSEs, namely MMTC (shareholding of 49.78%), NMDC (10.10%), BHEL (0.68%), MECON (0.68%) and 2 Odisha Government PSUs, namely OMC (20.47%) and IPICOL (12.00%).
Send Feedback
More Bureaucracy News
- NSE to launch derivatives on Nifty Next 50 Index from April 24, 2024 (UPDATED)
- HUDCO declares highest-ever interim dividend (UPDATED)
- Six member of Gujarat SPS promoted as IPS (UPDATED)
- Vishwajeet Dayal promoted as IPS in Bihar (UPDATED)
- Ashwani Verma, Mahender Kumar are Legal Officers, Civil Aviation
- Four candidates qualify for DCIO (Technical) posts
- Beck gets additional charge as CVO CONCOR
- 29 candidates shortlisted for various posts in Labour department.
- Geo-Scientist examination on June 22 & 23
- Justice Basavaraja given fresh one-year term as Addl. Judge, Karnataka HC
- Karnataka HC gets 5 Judges
- Four IAS officers shifted in Bihar
- Three ICAS officers get new postings
- Victor Bilung is Under Secy CSS
- BK Das quits Railway Service
- Interviews for Director (Fin), SECL on April 26
- Will delimitation process start from Assembly?
- NDA likely to increase share of senior citizens
- Will Chahal be new Chief Secretary of Maharashtra?
- Who will be the new DGP of Himachal Pradesh?