# 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.

- Type: Acquisition
- Announced: 2024-08-24
- Where: India
- Status: completed
- Products: metal and metal products, Aluminium Foil, Aluminium Flat Rolled Products, Casters, CRM, Foil Stocks
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Shyam Metalics and Energy Ltd](https://endata.com/companies/57960.md) (partner)
- [Shyam Sel and Power Ltd](https://endata.com/companies/73167.md) (acquirer)
- [SMEL Steel Structural](https://endata.com/companies/79371.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/markets/capital-market-news/shyam-metalics-arm-acquires-100-stake-in-smel-steel-structural-124082400115_1.html), 2024-08-24: "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."

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