# Sandur Manganese to acquire full control of Arjas Steel for ₹3,000 crore

Sandur Manganese & Iron Ores Ltd announced the acquisition of an additional 20% stake in Arjas Steel Private Ltd, giving it 100% ownership. The enterprise value is approximately ₹3,000 crore, with completion expected by November 15, 2024.

- Type: Acquisition
- Announced: 2024-11-05
- Where: India
- Value: $360.0M (30.0B INR)
- Status: announced
- Products: specialty steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Arjas Steel Private Limited](https://endata.com/companies/67315.md) (target)
- [The Sandur Manganese & Iron Ores Limited](https://endata.com/companies/77103.md) (acquirer)
- [Arjas Modern Steel Private Limited](https://endata.com/companies/81178.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/markets/stock-markets/sandur-manganese-to-acquire-full-control-of-arjas-steel/article68831564.ece), 2024-11-05: "The acquisition, valued at an enterprise value of approximately ₹3,000 crore, is expected to be completed by November 15, 2024."

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