29 C
Saturday, June 15, 2024

Sathavahana Ispat merges with Jindal SAW

- Advertisement -
- Advertisement -

NEW DELHI, April 27 (PTI): Hyderabad-based Sathavahana Ispat Limited has been merged with steel pipes maker Jindal SAW through an insolvency process.

According to a BSE filing, Jindal SAW had submitted a resolution plan for debt-laden Sathavahana Ispat, which was approved by the National Company Law Tribunal (NCLT), Hyderabad Bench-1 earlier this month.

- Advertisement -

“Accordingly, in terms of the approved Resolution Plan Sathavahana Ispat Limited stands merged with Jindal Saw Limited (SRA) as on April 26, 2023,” the filing said on Wednesday.

Jindal Saw Ltd is a manufacturer and supplier of steel pipe products, fittings and accessories.

- Advertisement -
The Hills Times
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -
10 Downsides Of Eating Noodles Superfood In Your Diet: 9 Incredible Health Benefits Of Guava 10 Unforgettable Monsoon Destinations In South India 7 Most Beautiful Islands To Visit In India This Summer Top 10 Tourist Places In India During Monsoon