Steel Strips has received approval for Scheme of Amalgamation with SAB Industries. The transaction would result in the emergence of SAB Industries as a consolidated strong entity, which will contribute to the overall growth prospects of the combined entity leading to the increase in shareholder’s value for both the Companies. The Board of Directors of the Company at its meeting held on July 02, 2019 has approved the same.
SAB Industries is engaged in the Construction, infrastructure, Real Estate and trading activities.
Steel Strips is in the business of manufacture and sale of cold rolled steel strips. The company was formed as a joint sector project by R K Garg along with the Punjab State Industrial Development Corporation.
