Uttam Group lenders vote in favour of CarVal bid
  • WebDesk BTVI
  • Apr 23 2019

84% of lenders have voted in favour of CarVal bid for Uttam Galva Metallics & Uttam Value Steel. CarVal has offered a bid of Rs 2,300 crore, of which Rs 800 crore is upfront payment. CarVal's bid chosen over SSG Capital's Rs 1,000 crore bid. Now, RP will submit the approved bid to NCLT for approval by May 7.