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HC approves Essar Steel merger plan

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Our Bureau

Mumbai, June 19

Essar Steel Ltd has informed the BSE that the Gujarat High Court has approved the scheme of amalgamation of Hy-Grade Pellets Ltd and Steel Corporation of Gujarat Ltd with itself.

The High Court also approved Essar Steel's scheme of reconstruction of capital. Earlier the Andhra Pradesh High Court had approved the scheme of amalgamation.

(This article was published in the Business Line print edition dated June 20, 2006)
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