MONNET ISPAT
JSW Steel targets Rs 650 cr Ebitda for Monnet Ispat before deciding on merger
Monnet Ispat will also be required to bring its net debt to Ebitda ratio down to 3.5x before any of the two parties can seek a merger.
JSW Steel, AION win bid to acquire Monnet Ispat
The offer involved a haircut of almost 75% on a debt of more than Rs 10,000 crore.
Final call on JSW-AION bid for Monnet Ispat likely in fortnight
The resolution plan submitted jointly by JSW Steel and AION Capital was the only offer that Monnet Ispat and Energy received by December 23 -- the last date for submission of the bids for the company.
JSW Steel set to buy Monnet Ispat for Rs 3,750 crore: ETNow
Monnet Ispat faces claims of Rs 10,359 crore from financial creditors and Rs 116 crore from operational creditors
Lenders considering handover of company to investor: Monnet Ispat
The company was replying to a clarification sought by the bourses for a news item which said JSW Steel, Blackstone were in talks to buy Monnet Ispat.
Monnet Ispat agrees to sell stake in Orissa Sponge Iron to Bhushan Steel
Monnet Ispat and Energy Ltd has agreed 'in-principle' to sell its stake in Orissa Sponge Iron & Steel to Bhushan Steel Ltd (BSL).
Monnet Ispat bags Utkal-C coal block; stock rallies over 13%
Shares of Monnet Ispat surged in early trade after the company bagged Utkal-C coal block in Odisha following aggressive bidding.
Monnet Ispat shares end over 9% higher on winning coal block
"Monnet Ispat, highest bidder at Rs 2,619 (per tonne) for Gare Palma IV/7 (coal mine)," Coal Secretary Anil Swarup had tweeted.
Buy Monnet Ispat & Energy Ltd with a target of Rs 153: Ashwani Gujral
"Monnet Ispat & Energy Ltd is a 'BUY' call with a target of Rs 153 and a stop loss of Rs 137."
Buy Monnet Ispat Energy with a target of Rs 132: Ashwani Gujral
'Monnet Ispat Energy is a 'BUY' call with a target of Rs 132 and a stop loss of Rs 110.'
Buy Monnet Ispat Ltd with a target of Rs 142: Sandeep Wagle
"Monnet Ispat Ltd is a ‘BUY’ call with a target of Rs 142 and a stop loss of Rs 119."
Monnet Ispat & Energy off day’s lows
Shares of Monnet Ispat & Energy shed most of the intraday losses on Thursday after sources told ET Now that the co doesn’t have any iron ore mining lease in Jharkhand.
Monnet Ispat to buy back shares worth Rs 100 crore
Steel-maker Monnet Ispat today said it will buy back shares worth up to Rs 100 crore from the open market at a price.
Blackstone buys 7% stake in Monnet Ispat for $50 mn
US-based Blackstone Group has acquired 7.12% equity in Monnet Ispat & Energy for $50 million (about Rs 230 crore).
Monnet Ispat holding firm on Blackstone bulk deal
The fund buying, according to brokers tracking the movement in Monnet Ispat, could be on account of reshuffling of the portfolio as prompted by uncertain market conditions.
Monnet Ispat close to acquiring Indonesian coal mine
As coal prices rise sharply and short supply of coal gets deeper in India, power and steel companies are scouting for coal assets abroad.
Monnet Ispat jumps over 18% on stake sale, hits year-high
Monnet Ispat today soared over 18 per cent to touch an all-year high on the BSE, a day after it sold a 12.5 per cent stake in its arm, Monnet Power Company.
Monnet Ispat surges 13 pc to one-month high on stake sale
Monnet Ispat today jumped over 13 per cent in early trade on BSE to a one-month high, a day after US-based Blackstone Group bought a 12.5 per cent stake in its subsidiary Monnet Power Company (MPCL) for Rs 275 crore.
Good support seen for Monnet Ispat at 390-400: Devang Visaria
Devang Visaria, Chief Strategist, Devangvisaria.com in a chat with ET Now gives his outlook on Monnet Ispat.
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