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Our Bureau

Hyderabad , Nov 30

The Andhra Pradesh High Court has ordered the holding of meetings of shareholders and creditors of Sujana Metal Products and Sujana Steels on December 28.

The decision comes in the wake of Sujana Metal Products making an application to the High Court seeking directions to conduct the meetings of shareholders and creditors for considering the scheme of arrangement between the company and Sujana Towers and amalgamation of Sujana Steels with itself. Sujana Metal Products has informed the BSE of these developments in a notice.

The meeting of shareholders of Sujana Towers has been dispensed with since they had given individual no objection for the demerger.

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