Essar Steel Takeover by Arcelormittal

Essar Steel India Limited, a fully integrated flat carbon steel manufacturer based in Mumbai, which owned and operated a steel mill in Hazira, Surat district of Gujarat state

ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between ArcelorMittal and Nippon Steel.Deal to acquire Essar group.

Reason

After insolvency, Essar Steel India Limited was acquired by ArcelorMittal Nippon Steel India Limited.

Essar Steel shares have zero value. Company has cancelled all physical and demat shares. Investors have lost their entire amount invested in this company.

Posted by : Aswathyblogs February 11, 2024

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