Tata Steel to pay Rs 35,200 crore cash for Bhushan Steel; to convert remaining debt to equity

Agencies Tata has also offered Rs 1,200 crore to its operational creditors depending on the criticality to run the company.

Synopsis The creditors would get 12.27 per cent equity in Bhushan Steel, said senior advocate Ravi Kadam to the Principal bench of the National Company Law Tribunal (NCLT).