Read More>> MUMBAI: The resolution professional of Essar Steel has informed lenders that bids received in the second round will be opened at 10 a.m. on Monday, said senior bank officials who did not want to be identified.
ArcelorMittal in partnership with Nippon of Japan, Numetal, backed by Russia’s VTB Bank in partnership with JSW Steel, and Vedanta had submitted bids in the first week of April. The decision to open the bids follows a ruling by the higher bench of the bankruptcy court