Sujana Towers has decided to divest its towers business to Agarwal Steel Structures (India), a Hyderabad-based company. This is a slump sale and there will be no change in the shareholding pattern of the promoters in the company. The agreements are likely to be inked within 60 days of securing mandatory approvals.
The value of assets proposed to be transferred is Rs 2,040 crore and the liabilities of Rs 1,475 crore are secured loans plus Rs 199.96 crore is from the creditors. The net consideration is expected to be Rs 340 crore.
Sujana Towers is engaged in manufacturing of galvanized steel towers used in the power transmission and telecom tower sector. The company is a part of the Sujana group which is into diversified business activity with presence in construction & structural steel, power transmission & telecom towers and allied services, energy (generation, distribution, green energy consulting and manufacture of energy saving LEDs), basic and urban infrastructure development, precision engineering components, domestic appliances and international trade.
| Company Name | CMP |
|---|---|
| Jyoti Structures | 13.16 |
| Modern Malleables | 33.75 |
| Neueon Corporation | 18.21 |
| Karamtara Engg. | |
| Sterlite Electric | |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: