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UK's Liberty Group buys bankrupt SBQ Steels - The Economic Times

UK’s Liberty Group buys bankrupt SBQ Steels
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Liberty paid Rs 262.45 crore plus interest of Rs 8 crore to take the Nellore based steel company, its second acquisition through the bankrutpcy process after acquiring the bankrupt Adhunik Metaliks and its associate Zion Steel in February 2020 under the insolvency law in a Rs 425 crore cash deal.
Agencies
The steel plant also has two power plants with 45MW capacity each.
Mumbai: The UK based Liberty group has acquired the bankrupt 0.25 million tonne SBQ Steels, culmulating a three year process in which the company was put into liquidation after inital efforts to sell it failed. ....

United Kingdom , Andhra Pradesh , Tamil Nadu , Ashish Arjunkumar Rathi , Mettalurgical Resoruces , Adhunik Metaliks , Edelweiss Asset Reconstruction Co , United Liberty Steel Group , Union Bank , Zion Steel , United Kingdom Based Liberty Steel Group , Krishnapatnam Port , ஒன்றுபட்டது கிஂக்டம் , ஆந்திரா பிரதேஷ் , தமிழ் நாடு , ஏதெல்வேஸ்ஸ் சொத்து புனரமைப்பு இணை , ஒன்றுபட்டது சுதந்திரம் எஃகு குழு , தொழிற்சங்கம் வங்கி , ஸ்ஶந் எஃகு , ஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது சுதந்திரம் எஃகு குழு , கிருஷ்ணபட்டணம் போர்த் ,

Liberty Group buys SBQ Steels in its second bankruptcy acquisition

Liberty Group buys SBQ Steels in its second bankruptcy acquisition
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Share
Synopsis
Liberty paid Rs 262.45 crore plus interest of Rs 8 crore to take the Nellore based steel company, its second acquisition through the bankrutpcy process after acquiring the bankrupt Adhunik Metaliks and its associate Zion Steel in February 2020 under the insolvency law in a Rs 425 crore cash deal.
Agencies
The steel plant also has two power plants with 45MW capacity each.
Mumbai: The UK based Liberty group has acquired the bankrupt 0.25 million tonne SBQ Steels, culmulating a three year process in which the company was put into liquidation after inital efforts to sell it failed. ....

United Kingdom , Andhra Pradesh , Tamil Nadu , Ashish Arjunkumar Rathi , Mettalurgical Resoruces , Adhunik Metaliks , Edelweiss Asset Reconstruction Co , United Liberty Steel Group , Union Bank , Zion Steel , United Kingdom Based Liberty Steel Group , Krishnapatnam Port , ஒன்றுபட்டது கிஂக்டம் , ஆந்திரா பிரதேஷ் , தமிழ் நாடு , ஏதெல்வேஸ்ஸ் சொத்து புனரமைப்பு இணை , ஒன்றுபட்டது சுதந்திரம் எஃகு குழு , தொழிற்சங்கம் வங்கி , ஸ்ஶந் எஃகு , ஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது சுதந்திரம் எஃகு குழு , கிருஷ்ணபட்டணம் போர்த் ,