Clarus Finance???s board okays its merger with Scan Steels
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Clarus Finance & Securities has received its board???s nod to merge itself with Scan Steels and appointed Ramesh Mishra, independent director to look into the procedures of scheme of merger.
Further, the company???s board has set up a committee headed by the independent directors to recommend, confirm and justify the swap ratio and independent valuation of the merged company — Scan Steel — and do such acts and deeds as feel fit and proper.
The swap ratio and the scheme will be placed before the next Board Meeting by the said committee.
The main activities of the company include share and stock broking, investment in shares and stocks, dealing in shares and stocks (future & options, and delivery based), and miscellaneous consultancy.
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