Ispat Industrie is looking good
JSW Steel has emerged as a top bidder to buy banks’ Ispat convertible debt,
JSW Steel may buy Ispat convertible debt at premium.
The price negotiations are going on with Ispat Industries. The company will pick up 41% stake & trigger open offer, sources added.
Ispat deal size is likely to be around Rs 2,000 crore. The company will meet the lenders very soon
Ispat Industrie CMP = 23
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