A meeting of the Board of Directors of Steel Exchange India Ltd will be held on January 30th 2012, to consider the proposal of investing up to INR 60 crores in Simhadri Power Limited subject to requisite approvals.

The Board will also consider and finalize the draft notice for Postal ballot for obtaining the members approval for the proposed investment in Simhadri Power Limited and appointment of Scrutinizer for the Postal Ballot Process.

(Sourced from Equity Bulls)