Bid for Bhushan Steel: Tata Steel is said to be offered for $5.3 billion in cash

(G.N.S) Dt. 23 Mumbai Tata Steel Ltd. offered 350 billion rupees ($5.3 billion) to lenders to acquire bankrupt Bhushan Steel Ltd., said a person with knowledge of the matter. Tata Steel, Bhushan Steel, steelmaker, Competition Commission of India, Indian bankruptcy A new Indian bankruptcy law designed to clear out distressed