Former ArcelorMittal S.A. (ENXTAM:MT) ArcelorMittal Executive Jai Saraf is discussing a potential bid for Vedanta Limited (NSEI:VEDL)'s steel business, ESL Steel Limited, with private credit funds, according to multiple people in the know. London-based Saraf, who used to be an executive member of the Mittal Steel board, is looking to build a consortium that could include Nithia Capital Resources Advisors LLP, a fund he Co-Founded in 2010, and certain financial investors, the people said.
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Feb. 19 | Jai Saraf Reportedly May Bid for Vedanta's Steel Biz against Ex-Employer | CI |
2023 | ESL Steel Limited Reports Earnings Results for the Full Year Ended March 31, 2023 | CI |
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+36.31% | 8.35B |
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- Jai Saraf Reportedly May Bid for Vedanta's Steel Biz against Ex-Employer