April 18, 2018 / 6:03 AM / a month ago

BRIEF-Electrosteel Steels Says Do not Expect Any Material Impact of RP Being Fined

April 18 (Reuters) - Electrosteel Steels Ltd:

* ELECTROSTEEL STEELS LTD CLARIFIES ON NEWS ITEM ON CO’S RESOLUTION PROFESSIONAL (RP) BEING FINED FOR “NEGLECT”

* ARTICLE PERTAINS TO PROCEEDINGS CARRIED OUT BY IBBI (INSOLVENCY BANKRUPTCY BOARD OF INDIA)

* DO NOT EXPECT ANY MATERIAL IMPACT ON THE COMPANY DUE TO EVENT

* PROCEEDINGS W.R.T CLAIMS VERIFICATION PROCESS CARRIED OUT UNDER CORPORATE INSOLVENCY RESOLUTION PROCESS BY RESOLUTION PROFESSIONAL Source text: bit.ly/2EWioSO Further company coverage:

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