ESTL
- Series
- EQ
- F&O
- No
- Status
- Inactive since 16 Jun 2005
Source: NSE equity master · as of 15 Jun 2005
- 19 Jun 2006 24:00M&A
Essar Steel Limited has informed the Exchange that the Hon'ble High Court of Gujarat at Ahmedabad, pursuant to Section 391/394 of the Companies Act, 1956 has approved the Scheme of Amalgamation of Hy-Grade Pellets Ltd and Steel Corporation of Gujarat Ltd with Essar Steel Ltd and the Scheme of Reconstruction of Capital of Essar Steel Ltd. This approval is preceded by similar approval of Hon'ble Andhra Pradesh High Court in the same matter, which approval was subject to approval of Gujarat High Court. As such all Court approvals in this regard have been received.
- 07 Nov 2005 24:00M&A
Essar Steel Limited has informed the Exchange that the BODs of the Company has in its meeting held on October 28, 2005, approved the draft scheme of amalgamation in respect of proposed amalgamation of Hy-Grade Pellets Limited and Steel Corporation of Gujarat Limited, two wholly owned unlisted subsidiaries of the Company, with the Company in terms of provisions of section 394 of the Companies Act,1956 relating to Court ordered amalgamation.
- 02 Aug 2005 24:00M&A
Essar Steel Limited has informed the Exchange that the Board has decided in principle to merge Steel Corporation of Gujarat Ltd. (SCGL) and Hy-Grade Pellets Ltd. (HPGL), 100% subsidiaries of Essar Steel Ltd. with the company, w.e.f. April 01, 2005 subject to necessary formalities and approvals being completed / obtained.
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