◂ Announcements

Sep 4, 2025ACQUISITIONIndia

Sree Metaliks to acquire control of SAL Steel via stake purchase and preferential issue

Sree Metaliks Limited will acquire shares from SAL Steel's promoters (Shah Alloys and SAL Care) and invest ₹99 crore via a preferential issue, becoming the new promoter. The funds will be used for working capital and a new pellet plant.

Value

$11.9M (990.0M INR)

Status

Announced

Productssteel

CompaniesSree Metaliks Limited acquirer SAL Steel Limited target Shah Alloys Limited partner SAL Care Private Limited partner

Sectors#Steel and Metal Products

“Sree Metaliks Limited will acquire shares from current promoters, becoming the new promoter.”scanx.trade

1 source
scanx.tradeSAL Steel Announces Major Stake Sale and Preferential Issue to Sree Metaliks LimitedDhanSep 5, 2025

Summarized from public sources; check the original articles before acting on it.

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