JSW Steel announced that Certified copy of the orders of the NCLT Mumbai for amalgamation of Asian Colour Coated Ispat Limited & Hasaud Steel Limited with JSW Steel Coated Products Limited have been filed by the three companies with the Registrar of Companies and that the scheme has become on 24 February 2023 with 'Appointed Date' of 1 April 2022.National Company Law Tribunal’s Mumbai Bench had passed an order sanctioning the Scheme of Amalgamation of Asian Colour Coated Ispat Limited and Hasaud Steel Limited with JSW Steel Coated Products Limited on 24 January and their respective shareholders had approved on 5 January 2023, with Appointed Date' of 1 April 2022. The order sanctioning the Scheme was uploaded on the website of Hon'ble NCLT on January 23, 2023.JSW Steel Coated Products had acquired ACCIL in October 2020 after National Company Law Tribunal New Delhi approval of the resolution plan with certain modifications. The total consideration for the acquisition of was INR 1,550 crore. ACCIL is mainly engaged in the manufacturing and marketing of Galvanized and Colour Coated Coils & Sheets.
JSW Steel announced that Certified copy of the orders of the NCLT Mumbai for amalgamation of Asian Colour Coated Ispat Limited & Hasaud Steel Limited with JSW Steel Coated Products Limited have been filed by the three companies with the Registrar of Companies and that the scheme has become on 24 February 2023 with 'Appointed Date' of 1 April 2022.National Company Law Tribunal’s Mumbai Bench had passed an order sanctioning the Scheme of Amalgamation of Asian Colour Coated Ispat Limited and Hasaud Steel Limited with JSW Steel Coated Products Limited on 24 January and their respective shareholders had approved on 5 January 2023, with Appointed Date' of 1 April 2022. The order sanctioning the Scheme was uploaded on the website of Hon'ble NCLT on January 23, 2023.JSW Steel Coated Products had acquired ACCIL in October 2020 after National Company Law Tribunal New Delhi approval of the resolution plan with certain modifications. The total consideration for the acquisition of was INR 1,550 crore. ACCIL is mainly engaged in the manufacturing and marketing of Galvanized and Colour Coated Coils & Sheets.
