The board of Bhushan SteelBSE -0.55 % Ltd has given its approval for hiving off the company’s plants located at Sahibabad in Uttar Pradesh and Khopoli in Maharashtra through a slump sale. The company’s board which met on February 12, 2016 has also given an in-principle approval for demerger of the company’s Odisha plant into two parts. In a notice to the BSE on Wednesday the company said its board had approved “demerging by way of slump sale to different subsidiaries through Business .. Read more at: http://economictimes.indiatimes.com/articleshow/51028104.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesBhushan Steel to hive off plants in Sahibabad and Khopoli.
Industry: Steel 2016-02-18
