JSW Steel has received approval from the National Company Law Tribunal (NCLT) for the scheme of amalgamating its four units. The company has merged Dolvi Minerals and Metals with Dolvi Coke, JSW Steel Processing Centres with JSW Steel, JSW Salav with JSW Steel.
Moreover, the company said in a separate statement that it has acquired 10,000 equity shares of Rs 10 each comprising the entire issued and paid-up equity share capital of Piombino Steel Limited from JSW Techno Projects Management Limited. The transaction was completed through its nominees. Further, Piombino Steel has acquired 8,000 equity shares of Rs 10 each comprising the entire issued and paid-up equity share capital of Makler from JSW Techno Projects Management.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)