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Bihar Sponge Iron announces cessation of subsidiary

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Capital Market

At Board meeting held on 14 November 2014

Bihar Sponge Iron announced that Chandil Power was a Subsidiary of Bihar Sponge Iron by virtue of Section 4(1)(a) of the Companies Act, 1956. With effect from 29 September 2014 the Company, Chandil Power cease to be Subsidiary Company of Bihar Sponge Iron. The Board considered the matter in the meeting of the Board held on 14 November 2014.

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First Published: Nov 20 2014 | 2:59 PM IST

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