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Monnet Ispat completes transfer of stake in two subsidiaries

21 Jan 2020 Evaluate

Monnet Ispat and Energy has completed the transfer of its entire equity shareholding held by it in two subsidiaries -- Monnet Sports Foundation (MSF) and Chomal Exports to Champak Corporate Services and accordingly, MSF and Chomal Exports have ceased as 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.

Peers
Company Name CMP
JSW Steel 1248.80
Tata Steel 182.85
Steel Authority 173.05
Jindal Stainless 730.75
APL Apollo Tubes 2116.50
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