Argus Partners Advises Tata Steel Limited In Their Bid To Acquire Rohit Ferro-Tech Limited Through Its Wholly-Owned Subsidiary, Tata Steel Mining Limited
LIVELAW NEWS NETWORK
13 April 2022 11:35 AM IST
Argus Partners has advised Tata Steel Limited in their bid to acquire Rohit Ferro-Tech Limited through its wholly-owned subsidiary, Tata Steel Mining Limited ("TSML"), under the aegis of the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal, Kolkata has on April 7, 2022, approved the resolution plan of TSML.
Commenting on the development, T.V. Narendran, Managing Director & CEO of Tata Steel Group, told The Telegraph: "It (the acquisition) helps us consolidate our position in the ferro-alloy business. The plant in Bengal is a stainless-steel facility and we look forward to having it in our fold."
The Argus Team consisted of, Adity Chaudhury, Arka Majumdar, Soorjya Ganguli, Pooja Chakrabarti (Partners), Kshitija Naik (Senior Associate) and Kiran Sharma, Juhi Wadhwani, Nipuna Varman, Tushar Oberoy (Associates).
Adity Chaudhury
Arka Majumdar
Soorjya Ganguli
Pooja Chakrabarti
