Former ArcelorMittal executive Jai Saraf is discussing a potential bid for Vedanta s steel business, ESL Steel, with private credit funds, including Nithia Capital and certain financial investors. Talks with ArcelorMittal are on the backburner due to valuation differences. Saraf and Nithia Capital previously turned around several stressed steel plants in Trinidad and Tobago, Mexico, Germany, Canada, and Kazakhstan.
Mumbai (Maharashtra) [India], December 12 (ANI/BusinessWire India): Nithia Capital (Nithia) today announced the launch of the Evonith brand platform for its investments in India
Mumbai (Maharashtra)/New Delhi [India], May 30 (ANI/NewsVoir): Cyril Amarchand Mangaldas acted as the legal counsel to Nithia Capital Resources Advisors LLP and Jai Saraf (Resolution Applicants) in connection with the submission, negotiations with the committee of creditors and implementation of resolution plan for Crest Steel and Power Private Limited (Crest Steel), a company undergoing corporate insolvency resolution process under the provisions of the Insolvency and Bankruptcy Code, 2016, as amended (IBC).