New Delhi, July 15 (DIN NEWS)<\/b> Bhushan Steel Ltd, acquired by Tata Steel under corporate resolution process, said today that its board of directors has approved the appointment of T V Narendran as chairman and non-executive additional director of the company.<\/p>\n
Narendran, CEO and MD of Tata Steel, has more than 30 years of experience in metal and mining industry.<\/p>\n
A new management team has been put into place at Bhushan Steel Ltd after it was acquired by Tata Steel Ltd through India’s new insolvency and bankruptcy process.<\/p>\n
“The Board of Directors at their meeting held on 11th July 2018 approved appointment of T V Narendran as Chairman and Non-Executive-Additional Director and Koushik Chatterjee as Non-Executive-Additional Director with effect from July 11,” the company said in a statement.<\/p>\n
On May 18, Tata Steel which had won the bid for Bhushan Steel in an insolvency process completed the acquisition of 72.65 per cent stake in the debt-laden firm. Lenders to Bhushan Steel also received 7.25 crore equity shares worth Rs 2 each, after conversion of Rs 14.5 crore worth loans in the company.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
New Delhi, July 15 (DIN NEWS) Bhushan Steel Ltd, acquired by Tata Steel under corporate resolution process, said today that its board of directors has approved the appointment of T V Narendran as chairman and non-executive additional director of the company. Narendran, CEO and MD of Tata Steel, has more than 30 years of experience in metal and mining industry. A new management team has been put into place at Bhushan Steel Ltd after it was acquired by Tata Steel Ltd through India’s new insolvency and bankruptcy process. “The Board…<\/p>\n","protected":false},"author":1,"featured_media":15281,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[],"_links":{"self":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/15280"}],"collection":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15280"}],"version-history":[{"count":1,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/15280\/revisions"}],"predecessor-version":[{"id":15282,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/15280\/revisions\/15282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/media\/15281"}],"wp:attachment":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}