Tata Steel Ltd selected as successful applicant to buy Bhushan Steel Ltd

Vastavam web: India’s Tata Steel Ltd said on Friday it had been selected as the successful resolution applicant for buying debt-laden Bhushan Steel Ltd.The Committee of Creditors of Bhushan Steel had on Thursday declared salt-to-software conglomerate Tata Group’s steel business as the successful resolution applicant, subject to obtaining necessary regulatory approvals, Tata Steel said in a stock exchange filing .Tata Steel and India’s biggest domestic steelmaker JSW Steel Ltd were the two primary industry bidders for the acquisition of Bhushan Steel.