Mittal Corp

India

Activity by year

20222023202420252026

Acquisition

Announcements · 3

Oct 18, 2023ACQUISITIONIndia$42.2M
Shyam Sel and Power gets NCLT approval to acquire Mittal Corp for ₹351 crore
The National Company Law Tribunal (NCLT) approved the acquisition of steel maker Mittal Corp Ltd by Shyam Sel and Power Ltd, an affiliate of Shyam Metalics and Energy Ltd, for ₹351 crore. The resolution plan offers a 20% recovery for creditors.
Shyam Metalics and Energy Ltd investor Mittal Corp target Shyam Sel and Power Ltd acquirer #Steel and Metal Products economictimes.indiatimes.com livelaw.in legaleraonline.com
Dec 20, 2022ACQUISITIONMadhya Pradesh, India$54.0M10,000 jobs
Shyam Metalics and Energy completes acquisition of Mittal Corp Limited
Shyam Metalics and Energy Limited (SMEL) completed the acquisition of Mittal Corp Limited for approximately Rs 450 crores via the NCLT route. The acquisition adds 150,000 tpa stainless steel / wire rod & bar capacity in Madhya Pradesh and is part of a planned Rs 7,500 crore investment over five years.
Shyam Metalics and Energy Ltd acquirer Mittal Corp target #Steel and Metal Products indiablooms.com cnbctv18.com
Dec 20, 2022ACQUISITIONMadhya Pradesh, India$5.40M10,000 jobs
Shyam Metalics acquires Mittal Corp, enters stainless steel business
Shyam Metalics and Energy Ltd has acquired Mittal Corp Ltd through an NCLT-led resolution process for about Rs 450 crore, marking its foray into the stainless steel business. The company plans to invest Rs 7,500 crore over 4-5 years to scale up its metal business.
Shyam Metalics and Energy Ltd acquirer Mittal Corp target #Steel and Metal Products business-standard.com financialsamachar.com

Dealingsⓘ

Acquired by

Shyam Metalics and Energy Ltd2× · 2022
Shyam Sel and Power Ltd2023

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