Monnet Ispat today said its board has approved the merger of Mounteverest Trading & Investment Ltd with itself.

The swap ratio for the proposed merger shall be two shares of Monnet Ispat & Energy for every five stocks of Mounteverest Trading & Investment, it said in a filing to the BSE.

BSE  |  NSE Price

Also Read   Related Stories News Now - Tata Steel may up prices on input cost pressure - Posco to build Rs 1,100 cr plant in Maharashtra - Steel makers put faith in NMDC issue - NMDC to double iron ore output to 50 mn tonnes by 2015 - SAIL, Tata Steel hike price by up to Rs 2,000/tonne - ARSS optimistic about bagging orders from Posco

Also Read   Related Stories News Now - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr More

Monnet Ispat shares were down 1 per cent at Rs 438 at around 11 am on the Bombay Stock Exchange. 

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr

Tags : Monnet ispat | steel industry | M&A | Mounteverest Trading   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  "Discover The Power of One" -  Journey on, We are by Your Side. Click here to know more -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here