Usha Martin to seek shareholder nod for business sale to Tata Steel
The requisite majority for the special resolution to go through is 75 per cent of the votes11-10-2018
11-10-2018
Extraordinary General Meeting('EGM') Of The Company To Be Held On Saturday, 10Th November, 2018 At 10.45 A M At Vidya Mandir, 1, Moira Street, Kolkata - 700 071.
The Notice convening the Extraordinary General Meeting('EGM') of the Company to be held on Saturday, 10th November, 2018 at 10.45 A M at Vidya Mandir, 1, Moira Street, Kolkata - 700 071. The aforementioned Notice of the EGM is also available on the website of the Company i.e. www.ushamartin.com. This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.10-10-2018
Clarification sought from Usha Martin Ltd
The Exchange has sought clarification from Usha Martin Ltd with respect to news article appearing on www.economictimes.indiatimes.com - October 08, 2018 titled "Usha Martin union raises concern over irregular payment of salaries at Ranchi plant".The reply is awaited.09-10-2018
Usha Martin union raises concern over irregular payment of salaries at Ranchi plant
A union of Usha Martin has raised concerns about irregular payment of salaries and sought government's intervention for sale of the company's wire ro08-10-2018
Usha Martin management proposes escrow on steel biz sale proceeds
Putting sales proceeds in such deals is a standard mechanism but not the only mechanism, industry experts said01-10-2018
Tata Steel may invest 300-400 crore in Usha Martin in FY20: report
Usha Martin board had on 22 Sept signed an agreement with Tata Steel to sell the firm's steel and wire rope business for a cash consideration of up to 4,300-4,700 crore in a slump sale26-09-2018
Proposed acquisition of Usha Martin's steel biz is credit positive: Moody's
The transaction remains subject to various regulatory approvals and is likely to close over the next six to nine months25-09-2018
Tatas to acquire Usha Martin's steel business for up to Rs 47 billion
Transaction value is in the range of Rs 43-47 billion23-09-2018
Announcement under Regulation 30 (LODR)-Press Release / Media Release
SIGNING OF DEFINITIVE AGREEMENTS FOR SALE OF STEEL BUSINESS OF USHA MARTIN LIMITED TO TATA STEEL OR ITS SUBSIDIARIES.22-09-2018