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Tata Bhushan Steel Acquisition
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Vidushi Puri
Student at Bennett University, India.
Abstract
This is a case study of mergers and acquisitions both in the steel industry. Tata Steel Ltd. (TSL) acquired Bhushan Steel Ltd in the year 2018 under the Insolvency and Bankruptcy Code (IBC) of 2016 and renamed it Tata Bhushan Steel Ltd. (TBSL). Tata Steel has acquired a 72.65% share in BSL and paid the accepted corporate bankruptcy expenses as well as employee dues, as required by the IBC. Bhushan Steel was one of the few companies among the 12 recommended by the RBI under the Insolvency and Bankruptcy Code to be resolved. In a general sense & in the context of doing business in India, it is always in the best interest of a corporate to acquire an asset rather than build it from scratch, especially for a greenfield project.
Keywords
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 5, Issue 4, Page 702 - 707
DOI: https://doij.org/10.10000/IJLMH.113310Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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