Tata Steel Mining buys Rohit Ferro-Tech for Rs 617 crore

TSML has acquired debt-laden Rohit Ferro-Tech Ltd for Rs 617.12 crore through an insolvency resolution process.

Tata Steel Mining buys Rohit Ferro-Tech for Rs 617 crore

The investment from TSML to Rohit Ferro-Tech has been made through a combination of equity of Rs 10 crore and inter-corporate loan of Rs 607.12 crore. Pic: Reuters and http://www.rohitferrotech.com/

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TSML has acquired debt-laden Rohit Ferro-Tech Ltd for Rs 617.12 crore through an insolvency resolution process. The investment from TSML to Rohit Ferro-Tech has been made through a combination of equity of Rs 10 crore and inter-corporate loan of Rs 607.12 crore. Pic: Reuters and http://www.rohitferrotech.com/ .

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