At meeting held on 13 February 2015
Prakash Steelage announced that the Board of Directors of the Company at its meeting held on 13 February 2015 have approved the proposal to enter into a joint venture agreement with Tubacex, S.A., a company incorporated in Spain.Pursuant to the joint venture agreement, the Company proposes to transfer the seamless stainless steel tubes and pipes business of the Company to the new company to be initially incorporated as a wholly owned subsidiary of the Company and subsequently, the majority of the share capital shall be held by Tubacex S.A. and the balance shareholding shall be held by the Company.
The Board also approved appointment of Neetta K Bokaria as Additional Director and who will be a women Independent Director of the Company.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app