Monnet Ispat and Energy has entered into a Share Purchase Agreement (SPA) with Champak Corporate Services, to sell and transfer the entire equity shareholding held by the Company in non-operative, non-material and non-core subsidiaries -- Monnet Sports Foundation and Chomal Exports. Pursuant to execution of the SPA and transfer of shares, the following companies would cease to be subsidiaries of the Company.
Monnet Ispat and Energy is a holding company. The company is engaged in the business of conducting coal mining operations and manufacturing coal-based sponge iron and various other steel/iron-based products.
