# Jamnalal Sons acquires 30% stake in Mukand Sumi Special Steel

Jamnalal Sons Pvt Ltd acquired a 30% stake in Mukand Sumi Special Steel from Mukand for ₹714 crore, as part of Mukand's plan to reduce debt.

- Type: Acquisition
- Announced: 2021-01-01
- Where: India
- Value: $96.0M (7.14B INR)
- Status: completed
- Products: alloy steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mukand Sumi Special Steel Ltd](https://endata.com/companies/19356.md) (target)
- [Mukand Ltd](https://endata.com/companies/21452.md) (partner)
- [Jamnalal Sons](https://endata.com/companies/52252.md) (acquirer)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/jamnalal-sons-buys-30-stake-in-mukand-sumi-for-714-crore/article33473923.ece), 2021-01-01: "Jamnalal Sons Pvt Ltd, one of the Bajaj group companies, has acquired 30 per cent stake in Mukand Sumi Special Steel from its group company Mukand for ₹714 crore."

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