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Bhushan Steel was renamed Tata Steel BSL as a result of approval by the name change center, said the steel manufacturer.
"Bhushan Steel Ltd. has received the approval of the Central Government for the name change of Tata Steel BSL Ltd. on November 27, 2018, and a" Certificate of Incorporation under a name change ". was issued by the Office of the Registrar of Companies, New Delhi, in this regard, "said the company in a BSE document.
Bamnipal Steel (BNPL), a wholly-owned subsidiary of Tata Steel, finalized the acquisition of the 72.65% controlling interest in Bhushan Steel.
Previously, Tata Steel had won the debt buyback offer. – Bhushan Steel in an insolvency auction. The bankrupt company was among the 12 stressed badets that were the subject of an appeal before the RBI last year before the National Corporate Law Tribunal (NCLT).
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