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Provider: Motilal Oswal Securities Ltd.

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JSW Ispat Steel Ltd. Updates On Scheme Of Amalgamation And Arrangement With JSW Building Systems Ltd. and JSW Steel Coated Products Ltd. and JSW Steel Ltd.

Wednesday, 8 May 2013 08:10am EDT 

JSW Ispat Steel Ltd. announced that the Hon’ble High Court of Judicature at Bombay has sanctioned the Composite Scheme of Amalgamation and Arrangement (Scheme) amongst JSW ISPAT Steel Limited and JSW Building Systems Limited and JSW Steel Coated Products Limited and JSW Steel Limited and their respective shareholders and creditors on May 03, 2013. The Order sanctioning the Scheme has been uploaded on the website of the Hon'ble High Court, Bombay May 07, 2013. The certified copy of the Order sanctioning the Scheme is awaited. The Scheme will become effective only upon receipt of the certified copy of the said Order and on compliance with the requisite formalities. 

Company Quote

10.45 +1.01%
26 Dec 2014