Tata Steel has acquired Bhushan Steel (BSL) through its wholly-owned subsidiary Bamnipal Steel Ltd (BNL) through a resolution under the Insolvency and Bankruptcy Code (IBC).
Bhushan Steel was acquired by Tata Steel Ltd through IBC route and later on renamed it to Tata Steel BSL Ltd. Analysis of impact of the resolution plan on its financial and other stakeholders is carried out through this article