NCLT approves Tata Steel takeover of Bhushan Energy
Under the resolution plan, Tata Steel will offer an upfront payment of Rs 730 crore. It would also pay Rs 50 crore additionally to operational creditors of the company.
Tata Steel would also infuse Rs 367 crore into the company as a part of equity infusion. A detailed order is still awaited in this matter. Image source: Reuters