Scheme becomes effective from 01 January 2017
Mukand announced that the scheme of arrangement and amalgamation amongst Mukand, Mukand Vijayanagar Steel (MVSL) and Mukand Alloy Steels (MASPL) has become effective on filing of the scheme with the Registrar of Companies on 15 January 2018. Consequently, the scheme has come into effect with the Appointed Date of 01 January 2017. Accordingly, (a) Alloy steel rolling and finishing business undertaking of the company stands transferred to MVSL through slump sale and soon thereafter MVSL (post slump sale) has been merged with MASPL (b) MVSL stands dissolved without winding up.Powered by Capital Market - Live News