Hacked by islam_Bey imhatimi.org

With reference to the earlier announcement dated June 10, 2008, regarding the Board of Directors of the Company had approved the transfer / sale of its Sponge Iron Manufacturing Unit “Vikram Ispat”, situated at Village; Salav, District: Raigad, Maharashtra (”Business Undertaking”), to a subsidiary to be formed, by way of “Slump Sale” pursuant to a Scheme of Arrangement to be sanctioned by the Court under Sections 391-394 of the Companies Act, 1956, Grasim Industries Ltd has informed BSE that the Company has incorporated a new subsidiary “Vikram Sponge Iron Ltd” for the said transfer of the Business Undertaking by way of “Slump Sale”.

Tags: Grasim Industries

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