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Nalwa Steel, BTL EPC bids tied for McNally

Nalwa Steel and Power and BTL EPC s resolution plans received an equal number of votes from creditors in the case of McNally Bharat Engineering, causing a rare tie situation in the bankruptcy proceedings. The winning bid was declared as BTL EPC, which offered INR 445.2 crore, compared to Nalwa s INR 426 crore. ....

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Grapevine: Vedanta may raise up to $2 bn; Nalwa highest bidder for McNally Bharat

US hedge fund Farallon Capital Management is in advanced negotiations to provide $1.5-2 billion funding to Vedanta, The Economic Times reported, citing people with knowledge .. ....

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