{"id":517193,"date":"2022-08-27T09:36:13","date_gmt":"2022-08-27T04:06:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=517193"},"modified":"2022-08-27T10:02:56","modified_gmt":"2022-08-27T04:32:56","slug":"am-ns-india-to-acquire-infra-assets-from-essar-group-for-2-4-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/am-ns-india-to-acquire-infra-assets-from-essar-group-for-2-4-billion\/","title":{"rendered":"AM\/NS India to acquire infra assets from Essar Group for $2.4 billion"},"content":{"rendered":"<p>The Ruias and the Mittals have buried the hatchet after battling in and out of courts for the last four years.<\/p>\n<p>ArcelorMittal Nippon Steel India (AM\/NS India), a joint venture between ArcelorMittal and Nippon Steel, announced on Friday that it had reached a definitive agreement to acquire ports, power plants, and other logistics and infrastructure assets from the Essar group for a net value of about $2.4 billion (Rs 19,000 crore).<\/p>\n<p>The settlement for assets comes almost three years after ArcelorMittal and Nippon Steel jointly acquired Ruias-owned Essar Steel (now AM\/NS India) for $5.7 billion in one of the most successful resolutions under the Insolvency and Bankruptcy Code (IBC).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ruias and the Mittals have buried the hatchet after battling in and out of courts for the last four years. ArcelorMittal Nippon Steel India (AM\/NS India), a joint venture between ArcelorMittal and Nippon Steel, announced on Friday that it had reached a definitive agreement to acquire ports, power plants, and other logistics and infrastructure assets from the Essar group for a net value of about $2.4 billion (Rs 19,000 crore). The settlement for assets comes almost three years after ArcelorMittal and Nippon Steel jointly acquired Ruias-owned Essar Steel (now AM\/NS India) for $5.7 billion in one of the most [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-517193","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/517193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=517193"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/517193\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=517193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=517193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=517193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}