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Distressed steel investor Nithia Capital set to buy North-based steel firm for Rs 316 cr

By Beena Parmar

  • 29 Nov 2021
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Distressed steel investor Nithia Capital set to buy North-based steel firm for Rs 316 cr
Credit: Reuters

A UK-based distressed steel investor consortium, led by Nithia Capital Resources LLP (Nithia), has received approval from an insolvency tribunal to acquire a Chhattisgarh-based steel company under the bankruptcy process for Rs 316 crore (around $42.5 million).   Crest Steel & Power Pvt Ltd (Crest) will be acquired by steel investor ......

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