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Board of Sicagen India approves acquisition of balance 40% stake in Danish Steel

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Capital Market

At meeting held on 06 September 2017

Sicagen India announced that in continuation of the proposal to acquire 100% equity capital of Danish Steel Cluster (Danish Steel) in three tranches, of which the Company has already completed acquisition of 60%, the Company has now proposed to acquire the remaining 40% of the equity capital of Danish Steel and complete the entire transaction on or before 31st December 2017. In order to complete the proposed 40% acquisition, the Board at its meeting held on 06th September 2017 has approved the proposed transaction.

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First Published: Sep 06 2017 | 9:32 PM IST

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