Shyam Metalics and Energy accepted the Resolution Plan submitted for acquisition of Mittal Corp with the aid of Shyam Sel and Power Ltd, a completely owned subsidiary of the Company. . Shyam Sel and Power has received Mittal Corp Limited at a attention of ¥ 351 crores. This tactical move indicates group’s entry into the stainlesssteel zone, increasing its operations and solidifying its function as a assorted metallic and energy conglomerate.
The Approved Resolution Plan also accommodates the merger of Mittal Corp Limited into Shyam Sel and Power Ltd.
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