Saturday, October 2, 2010

Shareholders approve SAIL-MEL merger

  • Shareholders of Steel Authority of India Ltd. (SAIL) on Thursday approved the scheme of merger of Maharashtra Elektrosmelt Ltd. (MEL) with the 'Maharatna' company under Sec.391-394 of the Companies Act, 1956.
  • The proposal is now under consideration of the Ministry of Corporate Affairs.

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