ArcelorMittal eyeing stake in Indian firm: report

ArcelorMittal eyeing stake in Indian firm: report

New Delhi: ArcelorMittal, the world’s largest steelmaker, is eyeing a stake in Indian steel and wire producer Ramsarup Industries, the Business Standard reported on Thursday.

The newspaper cited unnamed sources in the Kolkata-based Ramsarup as saying the company was in discussion with global companies, including ArcelorMittal, for selling a strategic stake.

An ArcelorMittal official declined comment, the paper said.

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