Stocks

Which way would Bhushan Power swing?

| Updated on August 14, 2018 Published on August 13, 2018

 

Tuesday is a crucial day for Bhushan Power and Steel as the deadline for JSW Steel, Tata Steel and Liberty House to revise their bids ended on Monday. The race for the stressed Bhushan Power heated up after JSW Steel hiked its bid to ₹19,000 crore (₹11,000 crore), a day before the CoC was supposed to place the highest bid for voting. Earlier, Tata Steel with ₹17,500 crore was declared the highest bidder. But the tribunal told CoC to go for revised bidding.

Published on August 13, 2018
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