Corporate News     21-Feb-11
Steel Exchange India's board approves scheme of merger
To issue & allot equity shares
The board of Steel Exchange India in its meeting on 14 February 2011 has decided to increase the borrowing limits with a maximum limit of Rs 2000 crore.

The board has decided to invest upto Rs 30 crore in Simhadri Power.

The board has approved the scheme of merger of GSAL (India) with Steel Exchange India.

Further, the board has decided to issue and allot 51,00,000 equity share warrants of the company on preferential basis to promoter group.

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