# 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.

- Type: Acquisition
- Announced: 2017-01-13
- Where: India
- Value: $33.3M (2.27B INR)
- Status: announced
- Products: alloy steel rolling and finishing
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mukand Ltd](https://endata.com/companies/21452.md) (target)
- [Mukand Vijayanagar Steel](https://endata.com/companies/21453.md) (acquirer)
- [Mukand Alloy Steels Pvt Ltd](https://endata.com/companies/21454.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/markets/stock-markets/mukand-board-nod-to-alloy-steel-rolling-biz-sale-to-mukand-vijayanagar-steel/article9479278.ece), 2017-01-13: "The board of Mukand has approved the slump sale of its alloy steel rolling and finishing business to Mukand Vijayanagar Steel."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.