ArcelorMittal Lakshmi Mittal to face old hand as Jai Saraf may bid for Vedanta's Rs. 10,000 crore steel biz
Economic Times
India
21-02-2024
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Former ArcelorMittal executive Jai Saraf is discussing a potential bid for Vedanta's steel business, ESL Steel, with private credit funds, according to multiple people in the know.
London-based Saraf, who used to be an executive member of the Mittal Steel board, is looking to build a consortium that could include Nithia Capital, a fund he cofounded in 2010, and certain financial investors, the people said.