ArcelorMittal raises Essar âSteelâ bid toâ â¹42,000âcr: Report
Billionaire Lakshmi Mittal-led world's largest steelmaker ArcelorMittal has reportedly raised its bid to acquire Essar Steel to â¹42,000 crore from its earlier â¹34,000 crore. Russia's VTB Bank-led consortium offered â¹37,000 crore while billionaire Anil Agarwal's Vedanta offered nearly â¹35,000 crore for the debt-laden company, reports said. Essar Steel owes creditors about â¹50,800 crore.