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Update at 1730 hrs (IST)


Corporate
NMDC board nod to SIIL merger with itself

MUMBAI: NMDC Ltd has informed the BSE that the board has approved the draft merger scheme of Sponge Iron India Ltd, Hyderabad (SIIL) with NMDC Ltd, Hyderabad through acquisition of shares of SIIL by NMDC.

The company also informed that the board of directors of Sponge Iron India Ltd has yet to consider the draft merger scheme and further developments will be informed in due course.

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