India: NCLT okays JSW Steel's $2.7b bid for Bhushan Power & Steel

India: NCLT okays JSW Steel's $2.7b bid for Bhushan Power & Steel

Photo: Reuters

An Indian bankruptcy tribunal approved JSW Steel Ltd.’s $2.7 billion bid for Bhushan Power & Steel Ltd., the second major steel asset the mill has bagged under the nation’s new insolvency process.