Godawari Power & Ispat (GPIL) announced that its subsidiary, Alok Ferro Alloys (AFAL) made a buyback Offer for purchase of 29,91,875 equity shares.
The company being a holding Company did not participate in
the aforesaid buyback offer as result, the equity shares held by all other existing shareholders of AFAL have been purchased. Consequently. AFAL has become 100% Subsidiary Company of GPIL.