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.