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OCL Iron and Steel acquires 99.99% stake in Aron Auto

06 Feb 2012 Evaluate

OCL Iron and Steel has acquired 99.99% stake of Aron Auto and consequent to the said acquisition, Aron Auto has become subsidiary of the company.

Recently, OCL Iron and Steel through its special purpose vehicle (SPV) - Oriental Iron Casting, had acquired 100% stake of B S Ispat which is engaged in the business of manufacturing of steel and power.

OCL Iron and Steel is engaged in manufacture and sale of cement and refractory products, steel and sponge iron products and operations relating to the real estate sector.

Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
APL Apollo Tubes 2206.00
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