Bigger India
Billionaire Heads to Court in Battle Over India’s Steel Market
The plan to acquire Essar Steel remains ArcelorMittal’s “Plan A and Plan B” for India.
Billionaire Lakshmi Mittal’s ArcelorMittal will on Wednesday challenge in court the legitimacy of a bid for Essar Steel India Ltd. by a group led by Russia’s VTB Capital, intensifying the battle for the biggest industry asset yet to be sold under a new bankruptcy law.