Ruias make stunning Rs 54,000 crore bid to retain Essar Steel

Ruias make stunning Rs 54,000 crore bid to retain Essar Steel

Gold Silver Reports (GSR) – The Ruias on Thursday mounted a stunning last-ditch effort to retain the flagship Essar Steel within the family. Led by brothers Shashi and Ravi, they offered Rs 54,389 crore to lenders for settling all claims and allowing the company to exit the bankruptcy process. Indications are that they might be willing to go up to Rs 60,000 crore.

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Ruias make stunning Rs 54,000 crore bid to retain Essar Steel via @goldsilverrepor