ArcelorMittal to pay Rs 42K crore for Essar Steel takeover

Posted on   2:12 pm

Global steel major ArcelorMittal has said to the National Company Law Appellate Tribunal (NCLAT) that it would pay Rs 42,000 crore, including a minimum of guarantee of Rs 2,500 crore as working capital, for acquiring debt-laden Essar Steel under the insolvency process.