Gallantt Metal to acquire 18 MW Power Plant Unit of Gallantt Ispat

Gallantt Ispat Ltd. | Steel & Iron Products | Metals & Mining | BSE: 532726 | NSE: GALLANTT

20 Jan 2020 Evaluate

Gallantt Metal has received an approval for acquisition of 18 MW Power Plant Unit of Gallantt Ispat under Slump Sale and this is a part of the Scheme of Amalgamation. The Board of Directors of the company at their meeting held on January 18, 2020, approved the same.

The Board has also given an approval for sale of its entire shareholding in GL Steel & power, a Wholly Owned Subsidiary and accordingly, the relation of holding and subsidiary Company between Gallantt Metal and GL steel & power ceased to exist.

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