Shyam Metalics arm acquires 100% stake in SMEL Steel Structural

Shyam Sel and Power, a wholly-owned subsidiary of Shyam Metalics and Energy, acquired a 100% stake in SMEL Steel Structural for Rs 1 lakh. The acquisition makes SMEL Steel Structural a wholly-owned subsidiary of SSPL and a step-down subsidiary of Shyam Metalics and Energy.

“Shyam Metalics and Energy's wholly-owned subsidiary, Shyam Sel and Power (SSPL) has acquired a 100% stake in SMEL Steel Structural, a promoter group company, for total consideration of Rs 1 lakh.”business-standard.com

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• business-standard.comShyam Metalics arm acquires 100% stake in SMEL Steel Structural | Capital Market News - Business StandardCapital MarketAug 24, 2024

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