The Tata Steel Bhushan Steel Deal

Authors

  • Kabir Dash Operations Manager, CPP Group, Gurugram
  • Ashish Varma Associate Professor, IMT Ghaziabad

DOI:

https://doi.org/10.33516/maj.v55i4.93-96p

Keywords:

No Keywords.

Abstract

The article, TATA steel’s acquisition of Bhushan steel through IBC route is of relevance to practising professionals, managers and students. The successful resolution has improved India’s image as an Investor friendly nation and would have far-reaching implications in the future. Various points discussed in this article include the deal details, the reason for the failure of Bhushan steel, reason of acquisition by TATA Steel, the Post-acquisition TATA steel performance and effect of IBC on Indian business ecosystem.

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Published

2020-04-30

How to Cite

Dash, K., & Varma, A. (2020). The Tata Steel Bhushan Steel Deal. The Management Accountant Journal, 55(4), 93–96. https://doi.org/10.33516/maj.v55i4.93-96p

Issue

Section

Acquisition

References

Pritam Sangwan, Jun 2019, "TATA Steel acquirs Bhushan steel through IBC" available on https://mnacritique.mergersindia.com/tata-steel-acquires-bhushan-through-ibc-route/ accessed on 12th Jan 2020

Money control, "TATA BSL Ltd" available on https://- www.moneycontrol.com/india/stockpricequote/steelsteel-crhr-strips/tatasteelbsllimited /BS14 accessed on 28th Jan 2020 on 20th Jan 2020

Sanat Shrivastava,May 2019," Insolvency and Bankruptcy Code of India. IBC 2016" available on https://www.youtube.com/watch?v=cBhlyryLRLU accessed on 25th Jan 2020

Business Stansdard, TATA STEEL BSL LTD. (TATASTLBSL) - COMPANY HISTORY availabe on “https://www.business-standard.com/company/tata-steel-bsl-3169/information/company-history accessed on 25th Jan 2020

Aman Sethi,Aug 2017," NPA crisis: The rise and fall of Bhushan Steel into the great Indian debt trap" available on https://www.hindustantimes.com/business-news/npa-crisis-the-rise-and-fall-of-bhushan-steel-in-the-great-indian-debt-trap/story-GHrvRRFIBsMLXKJzbqvaFN.html accessed on 25th Jan 2020

Leap Up, May 2018, "Tata Steel Acquires Bhushan Steel Through The Indian Bankruptcy Code, 2016" available on “https://www.youtube.com/watch?v=GCtarEx0Kes&t=160s" accessed on 25th Jan 2020.

Sangita Mehta, May 2018, “Tata Steel completes Rs 35,200 crore purchase of bankrupt Bhushan Steel" available on https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-completes-5-2-billion-purchase-of-bankrupt-bhushan-steel/articleshow/64224367.cms accessed on 28th Jan 2020

Dilip satapathy, March 2019," Tata Steel BSL prepays Rs 3,000 crore loan riding on massive turnaround" available on https://www.businessstandard.com/article/companies/tata-steel-bsl-prepays-rs-3-000-crore-loan-riding-on-massive-turnaround-119031300651_1.html accessed on 25th Jan 2020.

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