Brief: Tata Steel advises Tata Metaliks to refile fresh merger with Tata Metaliks DI Pipes

Tata Metaliks

17/05/2016 09:55

May 17 (Reuters) - Tata Steel Ltd  TISC.NS : 
 * Tata Steel Ltd.- scheme of amalgamation between Tata Metaliks Limited and 
   Tata Metaliks DI pipes limited with TATA Steel Limited 
 * Tata Metaliks will continue to operate as a unit company of Tata Steel 
 * Tata Metaliks been advised to consider withdrawing scheme with leave to 
   re-file fresh scheme for merger with Tata Metaliks di pipes 
 * Decision is based on careful consideration of various factors including 
   inordinate delay in obtaining requisite regulatory and statutory approvals" 
 * Directors' panel approve proposal to file application before bombay high 
   court seeking recall of scheme of amalgamation of units with co 
 
 * Source text: (http://bit.ly/1ThBpzY) 
 
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