JSW Steel, 3 others eye Uttam Galva companies

JSW Steel, Liberty House, SSG Capital Management, and Aion Investments have shown interest in debt-laden Uttam Value Steels and Uttam Galva Metallics, according to a source aware of the development. APL Apollo, meanwhile, has shown interest in buying Uttam Value Steels, the source told media. Both target companies are subsidiaries of debt-laden Uttam Galva Steels, promoted by the Miglani family. Uttam Value Steels owes banks Rs 3,200 crore and Uttam Galva Metallics Rs 2,200 crore. Rajiv Chakraborty from PwC is the insolvency resolution professional for both companies that were admitted in the NCLT in June and July, respectively.