Brief: Godawari Power And Ispat Says Jagdamba Power And Alloys' Shareholders Vote Against Amalgamation With Co

Godawari Power And Ispat

22/01/2019 11:25

Jan 22 (Reuters) - Godawari Power and Ispat Ltd  GDPI.NS :
    * JAGDAMBA POWER AND ALLOYS' (JPAL) SHAREHOLDERS DECIDED NOT
TO
VOTE IN FAVOUR OF RESOLUTION FOR AMALGAMATION OF JPAL WITH CO
    * MARKET PRICE OF CO'S SHARES FALLEN TO LESS THAN HALF,
MAKING IT
UNVIABLE FOR JAGDAMBA SHAREHOLDERS TO BUY

Source text: http://bit.ly/2S3pnnM
Further company coverage:  GDPI.NS 

 ((Reuters.Briefs@thomsonreuters.com;))