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Maharashtra Seamless gets nod for scheme of amalgamation

25 May 2018 Evaluate

Maharashtra Seamless has received an approval for the Scheme of Amalgamation of Jindal Premium Connections and Maharashtra Seamless Finance, wholly owned subsidiaries of the company, with itself. The Board of Directors at their meeting held on May 24, 2018, approved the same.

Maharashtra Seamless provides a whole range of high-class, customizable and innovative seamless pipes and tubes using state-of-art technology. The company also manufactures ERW Pipes and Coated Pipes. The company also engaged in the business of Wind Power, Steel Pipes & Tubes. 

Peers
Company Name CMP
JSW Steel 1169.00
Tata Steel 173.60
Steel Authority 171.50
Jindal Stainless 707.85
APL Apollo Tubes 2105.10
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