Coimbatore: The Bombay High Court has given its clearance to the amalgamation of Southern Iron & Steel Ltd (Siscol) with JSW Steel Ltd (JSWSL). JSWSL said that the High Court of Judicature at Mumbai has granted the Scheme of Amalgamation of Southern Iron & Steel Co Ltd with the company. The order granting the scheme was announced in the Court on Feb 22. The written order sanctioning the scheme is hoped to 1be get shortly. The company had proposed a swap ratio of one share of JSWSL for every 22 shares of Siscol.
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