The National Company Law Tribunal (NCLT), Kolkata Bench, has approved the terms of the resolution plan submitted by Vedanta, to acquire Electrosteel Steels under the Insolvency and Bankruptcy Code (IBC) 2016. Pursuant to the resolution plan, a wholly-owned subsidiary of Vedanta, will subscribe to the share capital of Electrosteel for an aggregate amount of | 1805 crore and provide additional funds of | 3515 crore by way of debt. Upon implementation of the resolution plan, Vedanta will hold ~90% of the paid-up share capital of Electrosteel while...