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Lenders approach Tata Group, JSW to buy out Essar Steel

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Lenders approach Tata Group, JSW to buy out Essar Steel

But the steel giants see a lot of problems. Tata Steel says the bankers don’t have enough control over Essar Steel for it to go ahead with the deal, said CNBC-TV18’s Latha Venkatesh, quoting sources. For JSW Steel, buying the Essar arm is tricky as it would involve other multi-corporate deals.