Sanjeev Gupta waves white flag at Tahmoor as two parties prep final bids

British-Indian tycoon Sanjeev Gupta’s entity Clydesdale Engineering has settled a claim against the up-for-grabs Tahmoor coal ...

A coal billionaire and an Indian giant on shortlist to save Whyalla

A fight for control of one of Australia’s last steelworks has narrowed to two potential buyers, pitting a billionaire against ...
Bloomberg L.P.

Credit Suisse’s Restructuring Deal With Sanjeev Gupta's GFG In Doubt

A restructuring deal between Sanjeev Gupta’s GFG Alliance and Credit Suisse has been thrown into doubt, after the steel group failed to make a payment on time. GFG missed the date for the upfront ...
Bloomberg L.P.

As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away

British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off ...
Bloomberg L.P.

Sanjeev Gupta’s Trophy Deal Shows How He Built a Shaky Empire on Debt

In early 2019, industrialist Sanjeev Gupta was trying to secure his biggest prize yet: a deal to buy a string of steel plants across Europe from ArcelorMittal SA. There was just one problem: he was ...
Bloomberg L.P.

Sanjeev Gupta Takes on Father’s Group in Metals Empire Reshuffle

Sanjeev Gupta has taken control of assets owned by his father as he reorganizes his sprawling metals empire. Ownership of the Simec Group will be transferred to his son from Parduman Gupta as he ...
Bloomberg L.P.

Sanjeev Gupta in Board Tussle as Spat for Aluminum Firm Heats Up

The board fight between industrialist Sanjeev Gupta and U.S. private equity group American Industrial Partners is heating up. The executive, who was ousted from a Belgian aluminum plant unit earlier ...