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ArcelorMittal paying Rs 39,500 cr for Essar Steel and not Rs 42,000 cr: SCB counsel Kapil Sibal

ArcelorMittal paying Rs 39,500 cr for Essar Steel and not Rs 42,000 cr: SCB counsel Kapil Sibal Appearing on behalf of Standard Chartered, which is seeking to be treated at par with the secured financial creditor for its claim of Rs 3,500 crore, Sibal said bankers have clubbed Orissa Slurry Pipeline Ltd with Essar Steel in the auction to recover unpaid loans.

from Moneycontrol Business News
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