Arjas Modern Steel Private Limited

Activity by year

202420252026

Acquisition

Nov 6, 2024ACQUISITIONMandi Gobindgarh, Punjab, India, India
SMIOL acquires remaining 20% stake in Arjas Steel
Sandur Manganese & Iron Ore Limited (SMIOL) acquired the residual 20% equity stake in Arjas Steel Private Limited (ASPL), making it a wholly-owned subsidiary. The acquisition includes ASPL's subsidiary Arjas Modern Steel Private Limited, which operates an electric arc-based integrated steel plant in Mandi Gobindgarh, Punjab.
Arjas Steel Private Limited target Arjas Modern Steel Private Limited target Sandur Manganese & Iron Ore Limited acquirer #Steel and Metal Products steelorbis.com
Nov 5, 2024ACQUISITIONIndia$360.0M
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.
Arjas Steel Private Limited target The Sandur Manganese & Iron Ores Limited acquirer Arjas Modern Steel Private Limited target #Steel and Metal Products thehindubusinessline.com

Acquired by

Loading…