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Tata Steel Mining declared successful resolution applicant for Rohit Ferro-Tech

10:42 PM Jun 06, 2021 | PTI

Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday.

Tata Steel Mining Limited is a wholly-owned subsidiary of Tata Steel.

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In a BSE filing, Tata Steel said, "TSML has been declared as successful resolution applicant by the Committee of Creditors for acquisition of Rohit Ferro-Tech Limited on June 5, 2021, subject to it obtaining necessary regulatory approvals including approval from the National Company Law Tribunal."

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TSML has accepted the Letter of Intent for acquisition of Rohit Ferro-Tech under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code 2016, the steel maker said without elaborating further.

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