Tata Steel subsidiary Tata Steel Long Products Limited (TSLP) has reportedly informed the Bombay Stock Exchange (BSE) on 30 Jun’21 that it had received a letter from SEBI on 29 Jun, through BSE Ltd, which stated that SEBI has returned the Scheme document related to the amalgamation of The Indian Steel and Wire Products Limited (ISWP) into and with TSLP and their respective shareholders. The SEBI letter states that the proposal is in non-compliance with the securities law provisions. No further reason for return of the Scheme was provided by SEBI.
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