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Pennar Industries gets nod for scheme of amalgamation

13 Nov 2017 Evaluate

Pennar Industries has received an approval for the Scheme of Amalgamation of Pennar Engineered Building Systems (PEBS) and Pennar Enviro (PEL) with itself and their respective shareholders. The Board of Directors of the company at its meeting held on November 10, 2017, considered and approved the same.

Pennar is one of India’s leading industrial organizations offering specialized, engineering steel solutions. The company is a multi-location, multi-product company manufacturing cold rolled steel strips & tubes, cold rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components and road safety systems.

Peers
Company Name CMP
JSW Steel 1227.10
Tata Steel 175.50
Steel Authority 174.50
Jindal Stainless 732.35
APL Apollo Tubes 2120.65
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