Tata Steel is gearing up to acquire Bhushan Power & Steel, going through insolvency proceedings, if it gets the requisite approvals.
Much like the Bhushan Steel deal, Tata Steel is keeping its financing arrangements ready and is sounding out people within the organisation for Bhushan Power & Steel.
As far as the financing is concerned, Tata Steel would take a short-term loan, the balance would be a mix of cash accruals and there could be possibly some leveraging at the holding company level.
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We will not be in a position to comment on Bhushan Power & Steel as the matter is under the IBC (…
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