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Mukand approves sale of alloy steel rolling business to Mukand Vijayanagar Steel · Endata

◂ Announcements

Jan 13, 2017ACQUISITIONIndia

Mukand approves sale of alloy steel rolling business to Mukand Vijayanagar Steel

Mukand Ltd's board approved the slump sale of its alloy steel rolling and finishing business to Mukand Vijayanagar Steel for ₹227 crore. The business will then be merged with Mukand Alloy Steels Pvt Ltd.

Value

$33.3M (2.27B INR)

Status

Announced

Productsalloy steel rolling and finishing

CompaniesMukand Ltd target Mukand Vijayanagar Steel acquirer Mukand Alloy Steels Pvt Ltd partner

Sectors#Steel and Metal Products

“The board of Mukand has approved the slump sale of its alloy steel rolling and finishing business to Mukand Vijayanagar Steel.”thehindubusinessline.com

1 source
thehindubusinessline.comMukand board nod to alloy steel rolling biz sale to Mukand Vijayanagar Steel - The HinduBusinessLineJan 13, 2017

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

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