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Gallantt Ispat plans amalgamation of subsidiaries with self

Press Trust of India  |  New Delhi 

Gallantt Ispat today said its board will consider this week amalgamation of wholly-owned subsidiaries with itself.

"A meeting of the Board of Directors of the Company will be held on March 23, 2017...Inter alia to consider and approve the scheme of arrangement for amalgamation of wholly-owned subsidiaries with Gallantt Ispat Ltd (the company) and businesses relevant to the said scheme," the company said in a filing.

Gallantt Group is a manufacturer of steel products in It presently runs two primary steel plants with captive power plant and flour mill in and Gujarat.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 20 2017. 19:28 IST