Sathavahana Ispat’s Board of Directors at its meeting held on November 21, 2013 has approved to increase the shareholding limit of FIIs and its sub-accounts from statutory limit of 24% to 35% of paid capital of the Company Subject to approval of Members and other statutory authorities, if any.
Hyderabad-based Sathavahana Ispat engages in the manufacture and sale of pig iron and metallurgical coke in India. It offers pig iron that is used in engineering, construction, and foundry industries and metallurgical coke, a raw material used in iron making.
