Listen "Bhushan Steel's Fall From Fortune to Fraud"
Episode Synopsis
Bhushan Steel was among India's largest secondary steelmakers. It rode high on India's infrastructure boom, expanding operations fueled by massive debt. Its growth came to a screeching halt when the promoters and senior officials were accused of multi-thousand-crore accounting fraud involving shell companies, fake invoices, fund diversion, and round-tripping.
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Zerodha Varsity on Social Media:Instagram: https://www.instagram.com/zerodhavarsity/X: https://x.com/ZerodhaVarsityYouTube: https://www.youtube.com/@varsitybyzerodhaDisclaimer: The stocks or financial instruments discussed in this podcast are meant for educational purposes only. Please do not consider them recommendations or financial advice of any form.
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