Ispat Ind will change name to JSW Ispat Steel

BSE 23 May 12 | 12:00 AM

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Code: 500305

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Code: JSWISPAT

Press Trust of India / Kolkata 24 Jun 11 | 09:15 PM

Ispat Industries will be renamed as JSW Ispat Steel, the company said today.

Ispat Industries cleared the resolution at EGM here today.

JSW had bought 41% in Ispat Industries at Rs 2,157 crore and increased the holding close to 49%.

JSW was in the process of restructuring its Rs 7,000-crore debt for it to exit Corporate Debt Restructuring (CDR).

It is still not clear whether JSW will merge Ispat Industries with itself.

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