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JISCO board nod for JVSL merger

MUMBAI OCT. 21. The board of Jindal Iron and Steel Company (JISCO) today approved a proposal for merger of its steel business with that of Jindal Vijaynagar Steel (JVSL) and appointed ICICI Securities and RSM & Co as consultants for the proposed restructuring programme.

The board approved the appointment of consultants and valuers to evaluate and advise on the proposal for consolidating its steel business and JVSL, JISCO informed the Bombay Stock Exchange. — PTI

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