Ramsarup gets approval to merge RLUL with itself
Manufacturers of steel products Ramsarup Industries on Thursday said it has received final approval for merging its group company Ramsarup Lohh Udyog Ltd (RLUL) with itself.
By PTI |
KOLKATA: Manufacturers of steel products Ramsarup Industries on Thursday said it has received final approval for merging its group company Ramsarup Lohh Udyog Ltd (RLUL) with itself.
The company in a statment issued said the swap ratio has been fixed at two equity shares of Ramsarup Industries for five equity shares of Ramsarup Lohh.
Ramsarup Lohh Udyog is setting up an integrated steel plant in Kharagpur.
Commercial production is likely to begin shortly and would supply the entire requirement of billet to Ramsarup Industries.
The company in a statment issued said the swap ratio has been fixed at two equity shares of Ramsarup Industries for five equity shares of Ramsarup Lohh.
Ramsarup Lohh Udyog is setting up an integrated steel plant in Kharagpur.
Commercial production is likely to begin shortly and would supply the entire requirement of billet to Ramsarup Industries.
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