Board Meeting11 Mar 2024, 08:23 pm
Vikas Ecotech Ltd: Board Meeting on 16/03/2024 to Consider Equity Issuance and Approve Acquisition of Shamli Steels
AI Summary
Vikas Ecotech Ltd has announced a board meeting on March 16, 2024, to consider and approve the issuance of Equity Shares to non-promoters as part of a share swap deal for acquiring 100% stake in Shamli Steels. This decision is subject to various approvals and transactions are expected to take place under Chapter V of SEBI regulations and other applicable laws.
Key Highlights
- Board meeting scheduled for March 16, 2024
- Approval for equity issuance for acquisition of Shamli Steels
- Share swap deal valued at INR 1600 Mn
- Closing of the trading window from March 11, 2024