MUMBAI (Reuters) - Steel giant ArcelorMittal SA (MT.AS) has raised its bid for India's debt-laden Essar Steel in competition with Russia's VTB (VTBR.MM) and Vedanta Resources (VED.L).
"The financial terms of the proposal are confidential, but represent a material increase to the previous offers made by the company," ArcelorMittal said in a statement.
(Reporting by Promit Mukherjee; Editing by David Goodman)
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