Billionaire Anil Agarwal-promoted Vedanta Ltd was also in the fray to acquire the stock exchange listed steel maker. In a statement to the exchange on Monday, the company said lenders issued a letter of intent to Jindal Saw as a successful resolution applicant. The stock notice does not disclose the offer made by Jindal Saw to acquire the steel company.from Stocks-Markets-Economic Times
Read The Rest:economictimes...
