Mahindra Ugine Steel Company gets High Court approval for scheme of amalgamation

On 31 October 2014

Mahindra Ugine Steel Company announced that the Hon'ble Bombay High Court has sanctioned the scheme of amalgamation between Mahindra Hinoday Industries, Mahindra Ugine Steel Company (the Company), Mahindra Gears International, Mahindra Investments (India) Private, Participaciones Internacionales Autometal Tres, S.L. and Mahindra CIE Automotive and their respective shareholders and creditors (Integrated Scheme) on 31 October 2014.

The Integrated Scheme is subject to other approvals, including approval of the Foreign Investment Promotion Board and the Reserve Bank of India. We will keep you informed once the Integrated Scheme becomes effective.

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