Bhushan bid: Liberty offers over Rs 26K crore

New Delhi: UK-based Liberty House has offered over Rs 26,000 crore for acquiring the stressed assets of Bhushan Power & Steel Ltd, leading Tata Steel and JSW in the race. The National Company Law Tribunal has asked BPSL lenders, led by PNB, to consider the bid submitted by Liberty House for the debt-ridden company. It owes about Rs 45,000 crore to the lenders.  “In the meeting of Committee of Creditors (CoC) held today, the bid of Liberty House was opened. The consolidated bid amount offered by the UK-based firm for the stressed assets of BPSL was over Rs 26,000 crore,” said a source privy to the development. Tata Steel had earlier offered Rs 17,000 crore to the lenders as upfront amount and Rs 7,200 crore for operations of Bhushan. JSW Steel made an offer of Rs 11,000 crore to the lenders and Rs 2,000 crore for the operations of the beleaguered power firm. PTI

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