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Gallantt Metal planning to acquire GL Steel and Power

22 Feb 2018 Evaluate

Gallantt Metal is planning to acquire GL Steel and Power as a Wholly Owned Subsidiary. The meeting of the Board of Directors of the company will be held on February 28, 2018, to consider the same.

The Board will also consider Inter-Corporate Loan to GL Steel and Power within the limits as prescribed under Section 186 of the Companies Act, 2013.

Gallantt Metal manufactures Sponge iron, M.S Billets, Re-Rolled Products (QST Bars).

Peers
Company Name CMP
JSW Steel 1200.75
Tata Steel 176.45
Steel Authority 169.60
Jindal Stainless 724.35
APL Apollo Tubes 2136.50
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