SMIORE to acquire controlling interest in Arjas Steel for ₹3,000 crore

The Sandur Manganese & Iron Ores Limited (SMIORE) has signed a share purchase agreement to acquire a controlling interest in Arjas Steel Private Limited from ADV Partners at an enterprise value of ₹3,000 crore. The acquisition accelerates SMIORE's forward integration into steel and value-added products.

“This acquisition marks a significant milestone for SMIORE as we venture into steel and value-added products manufacturing.”asianprimenews.com

• 1 source
• asianprimenews.comThe Sandur Manganese & Iron Ores Limited (SMIORE) and Private Equity firm ADV Partners announced execution of a binding agreement relating to the strategic business acquisition of Arjas Steel Private Limited (Arjas) by SMIORE - asianprimenewsasianprimenewsApr 29, 2024

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