“This shall be utilized for the purpose of repayment of Invent Assets Securitisation and Reconstruction Private Limited as well as for Working Capital & other purposes”, the company said.
In addition to this, the Board of Directors have authorized the chairman of the Company Rajendra V. Shah to execute and sign all the documents, agreement, deeds and to do all such acts and deeds for and on behalf of the company which shall be necessary for giving effect to the above transaction.
On Wednesday at around 12:22 PM, S.A.L Steel Ltd is currently trading at Rs10.17 per share up by Rs0.92 or 9.95% from its previous closing of Rs9.25 per share on the BSE.
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