Electrosteel takeover: LoI issued to Vedanta – Business Standard
In the battle to taking over insolvent Electrosteel Steels, Vedanta Ltd, one of the bidders, on Saturday said it has been declared “successful resolution applicant” under the insolvency process and has received the letter of Intent (LoI). The Anil-Agarwal led company has “accepted” the terms of the LoI. Following a direction from the…