Usha Martin has received approval of the National Company Law Tribunal, Kolkata Bench on 31 March 2022 for the scheme of arrangement between Usha Martin and its shareholders for reduction and reorganization of capital. Powered by Capital Market – Live News
According to the current plan, the Centre’s disinvestment revenues could exceed the annual disinvestment target of Rs65,000 crore for the current fiscal in Q1 itself, thanks to the proposed LIC IPO, the media reports added.
The divestment of GHCL’s Home Textile Business is a significant value unlocking exercise for all its stakeholders.
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