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ArcelorMittal parks Rs 7,000 crore with SBI to clear Uttam Galva dues

The move to park about Rs 7,000 crore in an escrow account of SBI follows ArcelorMittal’s bid for Essar Steel coming in for questioning because of its past shareholding in loan defaulter firm, Uttam Galva Steel.https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-parks-rs-7000-crore-with-sbi-to-clear-uttam-galva-dues/articleshow/64179324.cms

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