Tata Steel looking to acquire firms in RBI's bad loans list
Tata Steel is closely following the insolvency resolution process initiated by banks against embattled steelmakers to acquire stressed assets at "pennies to the dollar". If the process for insolvency resolution is found to be "transparent" then Tata Steel will evaluate opportunities for acquiring existing manufacturing capacity. Notably, there are 4 steel firms in RBI's bad loan accounts list.