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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 1266.00
Tata Steel 184.70
Steel Authority 174.00
Jindal Stainless 743.30
APL Apollo Tubes 2180.20
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