Metallurgical coking coal producer Ennore Coke Ltd today said it has decided to invest in Wellman Coke India Ltd by acquiring its shares and complying with the necessary formalities.
The board of directors took a decision to this effect at its meeting held on August 18, Ennore Coke informed the Bombay Stock Exchange in a regulatory filing.
The board also approved to increase the limit of corporate guarantee issued to State Bank of India Overseas Branch on behalf of Wellman Coke India, it said.
The board also decided to record the order of the High Court of Madras for amalgamation of Ennore Power & Coke Pvt Ltd, with Ennore Coke Ltd, it said.
The board of directors took a decision to this effect at its meeting held on August 18, Ennore Coke informed the Bombay Stock Exchange in a regulatory filing.
The board also approved to increase the limit of corporate guarantee issued to State Bank of India Overseas Branch on behalf of Wellman Coke India, it said.
The board also decided to record the order of the High Court of Madras for amalgamation of Ennore Power & Coke Pvt Ltd, with Ennore Coke Ltd, it said.
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