Monnet Ispat Ltd has informed BSE that consequent to the merger of Mounteverest Trading & Investment Ltd into the company, the post merger formalities are underway.

The company has obtained permission for making allotment of 4,722,539 equity shares to the existing shareholders of Mounteverest Trading holding 11,806,348 equity shares in the erstwhile merged company.

Accordingly, on December 20th 2010, the empowered committee of the board has considered the matter and has made the allotment of 4,722,539 equity shares.

(Sourced from BL)