Tata Steel BSL Limited (BSE:500055) agreed to acquire 99.9% stake in assets from Bhushan Energy Limited for INR 7.8 billion on May 30, 2019. Tata Steel BSL Limited shall pay INR 7.3 billion for existing financial debt and INR 500 million for settlement of claims. The National Company Law Tribunal, Principal Bench, New Delhi has approved the transaction. Completion will take place within 15 days from the order of National Company Law Tribunal. Tata Steel BSL Limited (BSE:500055) completed the acquisition of 99.9% stake in assets from Bhushan Energy Limited on June 1, 2019. Shameek Chaudhuri and Nilanjana Singh of AZB & Partners acted as legal advisors to Tata Steel BSL.