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Modern Steels informs about additional agenda for board meeting

06 Nov 2020 Evaluate

In continuation to earlier letter dated 5th November, 2020 intimating about the Board Meeting scheduled for 12th November 2020 to consider and approve the results for the quarter ended on 30.09.2020, Modern Steels has informed that the Board shall also be considering the following agenda in the meeting scheduled for 12th November, 2020: To consider the One Time Settlement in principle approval, through letter dated 4th November, 2020 as received yesterday 5th November, 2020 from Edelweiss Asset Reconstruction Company (ARC) and to consider and discuss a proposal for Sale of Assets of the Company on ‘Slump Sale’ basis from purchaser.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
JSW Steel 1182.00
Tata Steel 174.70
Steel Authority 172.80
Jindal Stainless 720.05
APL Apollo Tubes 2177.60
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