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Maharashtra Seamless informs about company updates

22 Jan 2019 Evaluate

Maharashtra Seamless has informed that the Honorable Hyderabad Bench of National Company Law Tribunal (‘NCLT’), has on 21st January, 2019, approved the Resolution Plan submitted by the company (resolution applicant) for acquisition of United Seamless Tabulaar Private Limited (USTPL) under the Corporate Insolvency Resolution Process (CIRP) initiated against USTPL under the Insolvency and Bankruptcy Code 2016 (IBC).

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
JSW Steel 1268.00
Tata Steel 184.75
Steel Authority 180.00
Jindal Stainless 750.90
APL Apollo Tubes 2270.65
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