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Tata Steel Quietly Takes 92% in the Erstwhile Bhushan Steel Through Convertible Shares

Last year, we wrote about the Bhushan Steel Bankruptcy (read post: The Bhushan Steel Bankruptcy Saga) The resolution gave the company to Tata Steel, which ...

Apr 03, 2019

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SEBI Changes Rules for Bankruptcies: Buyers Can Take More Than 75%, Easier Delisting

We’re written a lot about bankrupt companies and how it’s dangerous to buy them. Current shareholders have felt cheated by the stocks’ ...

Jun 12, 2018

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The Bhushan Steel Bankruptcy Saga: Tata Steel Takes Over With 99% Ownership, Eventually.

It’s nearly final. Tata Steel has taken over Bhushan Steel. In what is the first big resolution in the NCLT bankruptcy cases (Read our coverage) the ...

May 23, 2018

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The Bankrupt Companies in NCLT May Revive, But You Still Lose: Monnet Ispat Edition

There’s a steel company called Monnet Ispat which has a 1.5 million ton steel capacity. It owes banks Rs. 10,200 crore rupees. That’s nearly as ...

Mar 05, 2018

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Bhushan Steel Promoters Banned From Markets in SEBI’s First Financial Money Laundering Order

The SEBI Investigation on First Financial, where it found more than 150 entities involved in rigging share prices up to evade tax and launder money, has snared ...

Dec 23, 2014

All You Wanted to Know About The Bhushan Steel Situation

Note: This post was sent to Capital Mind Premium subscribers on Aug 20, but we’ve made it open for everyone. Do take a look! The Bhushan Steel debacle ...

Aug 22, 2014

The Inconvenient Investigations Into Banking

In “Rot at the Top”, Sucheta Dalal talks about the corruption in the Banking system. SK Jain’s arrest in a bribe case, where the promoter of Bhushan ...

Aug 19, 2014

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