ArcelorMittal eyeing stake in Indian firm: Report

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.