India's Supreme Court has approved ArcelorMittal's acquisition of Essar Steel, ending years of legal wrangles.
"ArcelorMittal India Private Limited's (AMIPL) resolution plan for Essar Steel India Limited (ESIL) has been unconditionally approved by the Indian Supreme Court and is the final procedural step in ESIL's corporate insolvency process," the company said on November 18.Completion of the transaction is now expected before...