# Sumitomo Corporation to acquire 49% stake in Mukand Alloy Steels

Sumitomo Corporation and Mukand Limited reached a basic agreement for Sumitomo to acquire 49% of Mukand Alloy Steels Private Limited (MASPL), a subsidiary that manufactures specialty rolled steel, and participate in its operation.

- Type: Acquisition
- Announced: 2017-03-31
- Where: India
- Status: announced
- Products: specialty rolled steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md) (acquirer)
- [Mukand Ltd](https://endata.com/companies/21452.md) (partner)
- [Mukand Alloy Steels Pvt Ltd](https://endata.com/companies/21454.md) (target)

## Sources

- [sumitomocorp.com](https://www.sumitomocorp.com/en/europe/news/release/2017/group/20170331_1), 2017-03-30: "Sumitomo Corporation will acquire 49% of the shares of Mukand Alloy Steels Private Limited (“MASPL”), a subsidiary of Mukand that manufactures specialty rolled steel, and participate in its operation."
- [sumitomocorp.com](https://www.sumitomocorp.com/en/jp/news/release/2017/group/20170331_1), 2017-03-31: "Sumitomo Corporation will acquire 49% of the shares of Mukand Alloy Steels Private Limited (“MASPL”), a subsidiary of Mukand that manufactures specialty rolled steel, and participate in its operation."

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