Maithan Alloys has participated in the auction of Impex Metal & Ferro Alloys (under liquidation) as a going concern. The liquidator officer has intimated the company that its bid has been ranked as the highest bid and declared it as H1 bidder. Necessary approval from the National Company Law Tribunal in this regard is awaited, the company said. Shares of Maithan Alloys closed 1.14 per cent higher at ₹622.60 on the BSE.

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